AIG

The government-installed head of AIG told Congress Wednesday the insurance giant is making progress toward repaying U.S. taxpayers by selling many of its foreign assets, but lawmakers questioned whether the plan makes sense and demanded details.
American International Group Inc. Chief Executive Edward Liddy said the company has reduced, but not eliminated, the risk its failure could pose to the global economy despite getting more than $180 billion in federal bailout aid.
Tracking the Dow on Wednesday.13/05/09(Futures Expiry:2 days from now.)

9:30am:--A 120.0 points dive-down.

April total retail sales decreased 0.4%, and decreased 0.5% when excluding autos. The April figures failed to meet economists' expectations; the consensus forecast called for total sales to be flat and sales excluding autos to increase 0.2%.

10:30am:--No way of filling up the bearish gap.

A spinning inverted bearish hammer.

11:30am:--Bears at session low.

Stocks are trading near fresh session lows amid widespread weakness.

12:30noon:--The bears still engulfing.

Small- and mid-cap stocks are experiencing steeper losses than shares of companies with larger market capitalizations.

1:30pm:--Hammering out the day's low.

Technical rebound.

2:30pm:--Too late for rebound .

Losses remain broad-based .

3:30pm:--Bearish engulfing.

4:00pm:--Graveyard doji.

Mourning the death of Dow.
The bears have pierced through the MAV line and are inches near the graveyard.
The number of U.S. households faced with losing their homes to foreclosure jumped 32 percent in April compared with the same month last year, with Nevada, Florida and California showing the highest rates, according to data released Wednesday