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Perhaps a bit cavalier of Eric Bolling.
Sure, GE has been hitting new 52-week lows this week and Moody's is
reviewing their Aaa long-term rating, but they made $3.9 billion in
the fourth quarter and $18.1 billion for the year (down 19% from
2007).
I sure wouldn't buy GE right now, but as Mark Twain would say, I think
the news of their death has been greatly exaggerated.
From: Ben <profitok@xxxxxxxxxxxxx>
To: realtraders@xxxxxxxxxxxxxxx
Date: Wednesday, February 4, 2009, 2:19:03 PM
Subject: [RT] Fw: [TimeandCycles] Tanking After Hours REASON
----- Original Message -----
From: Susan Berglowe
To: TimeandCycles@xxxxxxxxxxxxxxx
Sent: Wednesday, February 04, 2009 5:13 PM
Subject: Re: [TimeandCycles] Tanking After Hours REASON
Eric Bolling just said that GE in on death watch and could go bankrupt.
http://www.foxnews.com/video-search/m/21827164/bolling_rally_2_3.htm#q=OR+%22General+Electric%22+OR+GE
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