On the topic of casinos and gambling, I hope traders, investors, and the general public fully appreciate the extent to which our wards of the state (AIG, Freddie, Fannie, and Citi) have dominated equity trading volumes over the last few weeks.
A large percentage of market volume has centered on those stocks in which Uncle Sam is heavily involved (Citi, AIG, BofA, Freddie, Fannie). I view these particular stocks as very speculative in nature.

So there you have it, 6 of the top 8 most active stocks being traded today are wards of the state, or a close cousin, that being CIT.

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