AIG's ugly report

The overall market took a hit Friday, when AIG released a less than pretty earnings report, that sent credit worries back to the forefront. The insurance giant reported a $5.29 billion loss, the biggest in its history, and took a big charge related to the estimated market value of credit derivatives. All 30 components of Dow Jones Industrial Average fell, leaving the blue chip average in the red for the week. Friday definately left a bad taste in investors' mouths and we will see how they respond next week. DJIA -315.79 Nasdaq -60.09 S&P 500 -37.05