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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: John Pitera who wrote (9795)8/8/2008 6:04:06 PM
From: Logain Ablar  Read Replies (1) | Respond to of 33421
 
Hi John:

I didn't read their report. But I guess my comment of Citi being worse off may be incorrecto as AIG's chart looks much worse than Citi's.

The report had to grab AM Best's attention so there is going to be more pricing pressure if they can't raise capital. The Best rating has to stay at excellent or else they lose a lot business on the life and P&C sides.

Just enjoy this market rally and then lets see what happens after Labor Day and the Olympics.

GO USA