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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Keith Feral who wrote (134865)6/14/2010 11:21:17 AM
From: Salt'n'Peppa6 Recommendations   of 206181
 
" It seems like the same bad risk as buying AIG on the way down."
I don't agree.
AIG was and is insolvent.

BP has >$200 billion in assets and generates a very real $30+ billion in revenue annually.

Hardly the same thing as AIG.

BP is down due to sentiment and fear. Outside of their GOM operations, this has ZERO to do with their bottom line and ability to operate as a company.

S&P
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