I've been very suprised to see the market down so little on the AIG news. I would have expected another 500 points, but the market seems more relieved to have it out of the way than it does scared that another one bit the dust. My sense here is that if the market can take out the high that it establishes in the first 15/45 minutes of the day there could be a good rally in place, although I would not be comfortable saying its "the bottom", just rather that its "a bottom".
Not worried because they're not going bankrupt and will receive the funding they need from the FED. Won't cause market disruptions.