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Strategies & Market Trends : Scam Sniffing, Ball Busting Vigilantes -- Ignore unavailable to you. Want to Upgrade?

To: EL KABONG!!! who wrote (233)	2/5/2002 7:06:59 PM
From: Raymond Duray	Read Replies (1) \| Respond to of 292

Kerry, Re: Immelt (Welch's successor at GE) faces the recession, and loses no matter how good he actually does in the bear environment... Immelt will melt. No question about it. GE has manufactured earnings for years, GE Capital is a black box that is equal in byzantine detail to Enron's affaires bizarres, though perhaps slightly less corrupt. GE is a bank, basically. And it's going to be getting a lot more scrutiny in the near future. Problems will be found. Questionable and aggressive practices will be exposed. GE's vaunted credit rating is at risk. If that blows, the stock sells off 40% minimum. JMO, Ray