The market is way over bought....Foreclosures are at an all time high, unemployment continues to creep towards 10%, major bankruptcies are announced weekly, gas prices are increasing rapidly, and now inflation has crept into the game. I see a major correction. The current market was pumped up by the feds and now they are running out of money. Best of luck to all the bulls as I hope I am wrong.
GE Capital Back in the Game (to Win) [View article]
As a former insider, I can tell you that Welch and Immelt always used GEC as the wild card...It's paper profits and balance sheet manipulation was always ethe buffer or the game changer the company needed at the end of each quarter. Now that those days are over and times have changed, the company if forced to stand on it's own two feet and it's clearly not the organization many thought it was.
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GE Capital Back in the Game (to Win) [View article]