Cramer's Take on Top-Searched Stocks

Updated from 7:01 a.m. EDT

Wow. That was some volatility. On the heels of the Lehman bankruptcy, we now have American International Group(AIG Quote) on the menu. Its shares tumbled again after the insurer's credit ratings were cut. Late on Monday, Standard & Poor's cut AIG's long-term credit rating, as did Moody's Investors Service.

Investors are consumed with concerns that AIG might file for bankruptcy and further upset the already-suffering global financial system. The shares recovered much of their early losses after CNBC on Tuesday reported that government money might be used in a bailout of AIG. But the shares later fell back after the network said that U.S. Treasury Secretary Henry Paulson opposed using government money and that a private-sector solution wasn't likely. So who knows?

One thing is for sure: AIG will continue to dictate market movements. ...