jimmy smith

GE: More Bad News to Come?

don't forget international sales. the Arabs and Chinese will be buying planes, trains, energy and infrastructure for the next 20 years - GE will be a major provider.

also, note that any real estate write downs are paper losses only. when the market improves (which it will eventually!) they will have to be written back up.

we should thus focus on operating results. all the other stuff is accounting b.s. in fact, new accounting rules are part of the problem we are now facing across the board!