Toddo On TV: Lessons From Lehman
Markets, movers, and more
American International Group (AIG) is in talks with the Federal Reserve Bank of New York about emergency funding. The insurance company has a market cap of $15 billion, but is seeking $40 billion in assistance. You see, that's the problem. Once socialization starts, where does it stop?
Now watch this! Toddo's keeping a close eye on the Volatility Index (VXO), which is at half (yes, half) the level of previous fear fulcrums. Also, consumer non-durables. As the margin expansion trade plays out, General Mills (GIS), Procter & Gamble (PG) and Campbell Soup (CPB) are the only green group today.
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