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.

Enjoy!

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.