AIG (AIG) Higher Again; CEO's Antics In the Spotlight

After selling-off for a few days, shares of bailed-out insurer AIG (NYSE: AIG) are moving higher for the second straight session. Shares are up 8% to $41 and have rallied through yesterday's intra-day high.

Today, the Wall Street Journal highlighted the antics of outspoken new CEO Robert Benmosche. There is no doubt that Benmosche's market comments have helped propel the shares higher. Will this be short term or long term?

When you are starting at "zero", like AIG was in the past, you can't fall very far. But now that the stock is at $40, and likely overvalued on every fundamental metric, it sets the stage for major investor disappointment. But even this may not matter much, as many shareholders in AIG, ex-the U.S. government, are likely either speculators or brainless computers with only short-term ambitions.

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