The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Perspective who wrote (207289)	6/17/2009 10:06:40 AM
From: ChanceIs	Read Replies (1) of 306849

GE taking gas this AM. Quite the roll over these last few days. Through the 50 day and accelerating downwards. Somebody - either Zero Hedge or Denninger - pointed out yesterday that they seem to have taken the loose cannons in the GECap division, given them about 10X the risk capital, and told them to do some LBOs on some of the (other) walking dead American corporations. You know. Go bottom fishing. Those guys are much better at that then making wind turbines. GMCR puking. Looks like the chicken spreads are taking pause before the next leg down in earnest. Good call.

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