MET and AIG

I bought up my odd lot of MET shares at 55.81; the final VWAP ended a few percentage points higher, as funds bought in to take advantage of the exchange. I'm looking to get out of RGA above 50, but I won't get my shares until next Wednesday. I'm hoping that it doesn't go down before then. I'm guessing that we're going to see some pretty big moves next week; the VIX is above 25, which means that blood is on the streets and it's time to buy.

I've been watching the AIG debacle with increasing interest. Lehman's problems caused a huge sell off in financials last week. I'm not entirely sure why, since it seems like they are firm-specific. Like Lehman, AIG is also facing losses on mortgages; it also has to pay out hurricane damages. Yes, these losses will happen, and they will be huge, but from a valuation standpoint, the equity looks great, and IV is through the roof, making it even more attractive.