I'm with you- closing out trading positions ahead of unknown market reaction overnight. Still holding Longer term parcels of course.
The following is a relevant extract from a CNN article (full link below)
""But propping up AIG hasn't exactly worked out well for taxpayers or the company's shareholders. And investors are still refusing to separate winners and losers. Instead of bidding up every bank ahead of the stress test release, the more prudent thing to do is to wait for the results, analyze them and then identify those banks that appear to be in better shape than others.""
