Today, LVS has a really good news for IPO Macao asset, which is the same good news from AIG yesterday.
But till now, LVS couldn't hold 15% morning gain.
Yestday, FIG had a 10+% on noon and couldn' t hold it either.
When the market has a rising on morning and drop at afternoon trade, it is a pattern of bear market.
I don't like insurance company asking for TARF money too.
When everyone wants to get out of TARF, why they dumped into to ask for money.
Obviously, they know the claim will be still high and they need capital desperately.
Stay away of insurance company for this year as I said before.
