Are they gonna be kicked off the Dow? GM, Alcoa, C, BAC, Kraft... the list goes on. We have to keep the charts moving uphill. Can't let a few minor hiccoughs stand in the way of 118 years of progress.
Don't know, not making any move, but as someone on ET told me a while back about chart reading: Don't predict, or react, just follow.
Just over a week ago GE jumped pass $19. The next rise may be as quick. FOMO could be in play below 16.
That was a bull trap after a longer period of tapering and slowing of the bleed. And now it's way lower. And today this dog is free falling again.
Dow-n and Out General Electric will next week drop out of the Dow Jones Industrial Average after more than a century. The fall-off is a milestone in the decline of the firm that was once a pillar of the U.S. economy. It will be replaced by Walgreens Boots Alliance. If you're still asking what the hell happened at GE, Fortune's Geoff Colvin has your answer. Wall Street Journal