Tuesday, December 28, 2010

Epitaph For 2010: The Year Of The Zombie Rally

Let this year be known by the insolvent financial companies whose stocks rallied during it, from the WSJ:
Once left for dead, shares of bailed-out American International Group Inc. have defied critics and rallied to become one of the market's top performers in 2010.

On Tuesday, AIG's publicly traded shares closed 45 cents lower at $58.93, capping a nearly 97% gain in the year to date and over 42% in December alone. The insurer is the fourth-best performer in the S&P 500 index this year.
Goodbye, and good riddance!

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