One of the most catastrophic drops to take place during the days of the financial crisis (sigh – – those were the days) was AIG International. Of course, the executives didn’t suffer for it – they made hundreds of millions of dollars and were paid huge bonuses after their crimes were discovered, thanks to the US Government. Even so, the stock is a shadow of its former self, in spite of a struggle upward for the past eight years.
I’m so heart-achingly bored with this market I’m just going to toss three bullish charts out there. Honestly, equities are putting me to sleep. I’m actually looking forward to the weekend.
As if Thursday couldn’t get any lamer……….
Last night, the ES and NQ both tumbled double digits (see yellow tint below) thanks to a brief case of the Hong Kong flu. It looked like it actually might be the first decent down day since President Benjamin Harris was in office. However, as federal law requires, this modest drop was totally destroyed (and then some) as highlighted by the green tint.
One of the hottest, most widely-anticipated IPOs in years took place in March of this year – – Snap, Inc., which is, of course, the owner of the Snap app (although they insistently refer to themselves as “a camera company”.) Perhaps another mission statement is in order, however, as they appear to have now expanded to……….Halloween costumes.
Size of profits at the opening bell: