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MTLQQ.PK & AIG: Are You Nutz?

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August 20, 2009 – Comments (0)

Saw a newswire story that GM’s rump is still selling a buck a throw. And, AIG’s CEO showed a little chutzpah in an interview, and the stock took off like a rocket. Please: put down the beer-goggles. There is no way on God’s green earth that:
**GM’s rump is worth more than $0.00 per share
**AIG will be able to pay back $180B or anything close to it

This is actually getting a little scary. How did Uncle Al put it: (hmmm; oh yes…) irrational exuberance. If that is the only thing holding up the current rally, then…then…hope you kept your powder dry.

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