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Buffett's GE Warrants Quickly Trade Out of the Money

Back last Thursday (Sept 25) during a 'softball" interview with Immelt and his CNBC shills, GE stock popped from 23.50 to over 26 closing at 25.68. According to Immelt, even in a difficult world all was well for General Electric. Maybe he was hoping that Buffett was watching.

www.cnbc.com/id/158402...

Buffett Enters the Fray

Hank: So I'll pencil you in for 5 Bill??
Warren: Oh, OK, OK.
Hank: For these terms, you know what this means right?
Warren: I have to do CNBC.
Hank: You bet. And Bloomberg, and CNN, and Oprah, and anyone else who will listen.....
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Likely a pretty close transcript of the call to WB -- (what's interesting is that on FastMoney last night as the news broke they at the very same time plugged the CNBC Buffett interview this morning - how could they have known?)

The hearings today made great use of the Buffett news and I must say the tone was far less antagonistic than yesterday.

And the CNBC commentary on the bail out is even more objective than MSBC's political reporting .

But here's my question: When the formal word goes out bail out is done - How many points on the Dow? How long will that last before the current lows are tested?

Buffett Enters the Fray

Deja Vu -

Feb 12, 2008 Markets Spike higher on Buffetts Offer

This morning (Feb 12) on CNBC's Squawk Box, Warren Buffett publicly revealed for the first time that he has offered to reinsure $800 billion in municipal bonds now covered by the troubled insurers MBIA, Ambac and FGIC.

www.cnbc.com/id/231261.../