lol @ GE

Well that was painful.

+ $8.59
+ $7.53
- $6.38

Thank god only small position.

Full disclosure: No position in GE at this time.

 

When will the first CNBC anchor break out in tears live on air, realizing their 401k filled with GE stock is going to zero?

 

I'm not sure they do get GE stock in their 401k. I thought the official policy for a lot of the on-air staff was no stock ownership of any stock at all allowed. Exceptions for Fast Money crew and Cramer and some others.

 

Maybe GE is going to $1 .... but I doubt it goes to zero.

It will get a bailout.

 

This stock just pathetic. Feels like you can short it and take it straight to ZERO. Really doesnt matter anymore, its not a big deal to the DOW 30 anymore since its nearing zero like C and BAC.

 

http://zerohedge.blogspot.com/2009/03/ges-8-billion-downgrade-time-bomb.html

 

i'm not 'lol' at this- this is rather sad- GE is about as American as apple pie.

if what everyone thinks isn't true (the East Europe, commercial real estate and black hole of derivatives make GE Chapter 13), GE better find a way to tell us. Imelt thinks it's 1998 and the CEO buying some shares is going to signal all clear.

what a goat fuck.

 

Does anyone have a fresh CDS quote on GECC?

Last I saw was 13.5 / 15.5

 

Already 380M in volume at 11:15 AM EST.

 

460M. GE is under attack. Might see Citi volume in the next few days at this rate (1.87B :eek: ).