AIG, which I have picked on countless times, ran a commercial over the weekend that proclaimed AIG is the third largest public company in the world. That didn't sound right to me and the next time the commercial ran I saw the fine print said that was in July 2002.
Allowing that commercial to run seems fundamentally dishonest. With all the problems AIG is having, why run this? I ran a market cap screen at Yahoo Finance and found that AIG is the 13th largest public company in the world (according to the screen anyway).
On a separate note Donald Luskin from Trend Macrolytics was on Asian Market Watch and is very bullish about the Fed getting more aggressive with inflation. He says this will be very positive for stocks, except for energy and basic materials stocks which he dubbed as inflation plays. I hope he is right.
Wikinvest Wire
2 comments:
Is "getting aggressive with inflation" the same thing as what we used to call "raising interest rates"? I suspect it is, and if so, I would question whether it is, in fact, good for stocks.
dd
I'm with you on that thought, but I still hope he's correct:-)
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