Can AIG survive the turbulence?

The current market turmoil has claimed a number of high profile casualties. A lot of people will be wondering what’s going to happen next. Who’s going to be the next casualty? How many “patients” are waiting on the sidelines for their number to come up? I’m sure there are still a few more to go. There are still a lot of companies that are week both technically and fundamentally, and there are also a lot of companies that will have no option than to go under if they cannot get access to additional funding.

If Wall Street giants are finding it difficult to get access to funds, imagine what much more difficult if will get for the average person to gain access to loans.

The American Insurance Group (AIG) is another company that is currently struggling. Will AIG survive? The charts look ugly. It looks like time is running out for the insurance giant. However, miracles happen. Who knows what the future holds for AIG? It looks like there are still shorting opportunities on the stock, however, this is not one you would want to buy. Not now.

All the best.