The melt down seems to have begun. The Commercial paper market has totally frozen up. The freezing of the CP market has major ramifications. Only the biggest and best rated companies borrow money through CP. There is over 770 billion $ that matures between today and October 24th. Gulp! If the lik...
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Why you should own gold. Historically, Gold has been a safe haven in distressed times, during high inflation times, at times when there was distrust of the financial system, and during depressions. Any of this sound familiar? This time will be no different. Recently, gold has been under pressure ...
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The following stocks have frozen their dividends at the current rate per share (yields as of 10/24/08):
General Electric Co. (GE) - 6.95%
Current Dividend: $0.31/share (last 5 quarters)
Previous amount: $0.28/share (September 2007)
2007 Dividend: $1.15
2008 Estimated: $1.24...
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Sell this rally if you know what is good for you. The reasons are simple and relatively straight forward. Firstly, nothing has changed if anything things have gotten much much worse. The dominoes are falling one by one and leverage is getting wrung out everywhere. Consider Russia which had about ...
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How many billions of dollars did GE [whose stock currently trades for about $18] waste buying shares back over the years at $40 or greater? $35 or greater? $25 or greater? $20 or greater? Think of where GE might be if it used the money to pay down debts rather than buy shares at absurd prices.
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We are in the midst of a credit melt down. If you don't believe it just turn on a tv , pick up a paper, or get your head out of the sand. Face it, the financial system as you know it is over. The financial markets are seized. If you don't think this affects you you're mistaken. We will see more b...
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About General Electric Company
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