No Moss

GE, Microsoft on New Low List

I'm stunned by the market's aggressive write-down of GE, now approaching $29 from a 52-week high of $42, a loss of about $130 billion in market cap. Does anybody think their credit losses will be that high?

I'm still waiting for info on the tanker thing. The Senate seems happy with the Northrop-GE contract, while the House seems to want to flip it to Boeing.

Airplane engines, airline leasing, and financial--OK, they could have some problems ahead. But GE is going to get huge slices of the 21st century's energy restructuring. Maybe Immelt isn't so dumb after all.