Love Smoking Crack? AND Investing? Allow Me to Introduce…AIG!

Love smoking crack?  Love investing, also?  Well now you can combine two of your favorite activities, enjoying both at the same time!

How, you ask?

Simple!  Allow me to introduce you to…AIG, the former insurance company stock that now exists purely for trading purposes:


AIG 10 day chart

Here’s a “stock” that for any reason (or no reason at all) on any given day can, should and will be up or down by 10% or more.  You can set your watch to it.

I have no idea what this stock actually is…does it actually represent a business or just the stub of an 87% government-owned business?  Is it a commodity?  A lotto ticket?  A trading vehicle?  Is it bigger than a breadbox?

Is there any rhyme or reason whatsoever to this stock’s gyrations or are we simply witnessing  the largest-scale tug-of-war match in history?

If it is a real business, shouldn’t we wonder why exactly it’s market value should fluctuate by 30% + on a bi-daily basis?

Oh, and the best part?  Whether you like it or not, if you’re a US taxpayer, you’re a shareholder in this nonsense.


Full Disclosure:  Nothing on this site should ever be construed as an invitation to buy or sell any securities.  I have no interest in being responsible for any of your trading activities if you are investing based on anything you read on a blog.  See my Terms & Conditions page for a full disclaimer.

Tags: , ,

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here:

Please see disclosures here.

What's been said:

Discussions found on the web
  1. blazing trader commented on Sep 30

    … [Trackback]

    […] Here you can find 33656 additional Info on that Topic: […]

  2. immediate edge commented on Oct 01

    … [Trackback]

    […] Here you will find 36458 additional Information on that Topic: […]

  3. maha pharma winstrol 50 review commented on Oct 22

    … [Trackback]

    […] Information on that Topic: […]

  4. tai game choi bai doi thuong commented on Nov 15

    … [Trackback]

    […] Find More here on that Topic: […]

  5. best replica website commented on Nov 26

    … [Trackback]

    […] Read More on that Topic: […]

  6. tangerine account log-in commented on Nov 26

    … [Trackback]

    […] Read More here to that Topic: […]

  7. What is intelligent automation commented on Nov 28

    … [Trackback]

    […] Find More Info here to that Topic: […]

  8. sex dolls newest design commented on Dec 08

    … [Trackback]

    […] Find More to that Topic: […]

  9. china replica watch commented on Dec 30

    … [Trackback]

    […] Find More to that Topic: […]

  10. replika omega commented on Jan 28

    … [Trackback]

    […] Info to that Topic: […]