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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (32911)	4/11/2008 10:28:34 AM
From: TobagoJack	Read Replies (1) \| Respond to of 217737

one top officer of ge invested in my property club so, at least compared to ge, my focus has merit :0)

To: elmatador who wrote (32911)	4/11/2008 2:41:15 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 217737

TJ mentioned "GE shows hairy legs" back in 2001. While they didn't show a whole leg, the hint of ankle they showed had a little fur on it: <GE blamed disruptions in its financial business late in the quarter for its inability to advise Wall Street ahead of time about the deterioration in its earnings. But analysts unaccustomed to being surprised by the industrial, financial and media conglomerate were rattled by the magnitude and breadth of the decline. "This implies that the back half of March deteriorated significantly, which is especially unnerving," Goldman Sachs analyst Deane M. Dray wrote in an investor note. "Bottom-line: Disappointments were spread across the GE portfolio, with both industrial and financial businesses well below expectations." GE's financial services business fell 28 percent, driven by a 21 percent erosion in commercial finance due to lower real estate and other income. Net income fell 6 percent to $4.3 billion, or 43 cents per share, from $4.57 billion, or 44 cents per share, a year ago. Earnings from continuing operations came to $4.4 billion, or 44 cents per share, down 8 percent year-over-year. >http://finance.yahoo.com/q/bc?s=GE&t=my Share price down 13% on the day. Part of all this financial relativity theory activity will be Bust Baby Boomer [BBB] having to sell their shares to buy groceries as they reach their dotage. Many were using their houses as ATMs, borrowing money from Japan and China to buy groceries as well as a lot of stuff Made in China. Now that the ATM cash flow card isn't working, they'll either have to do without or find another source of money. Many have shares for retirement. Some of them are retired. The dividends from GE will not be as substantial as was expected, so they will have to sell the actual GE shares instead. When they do that, the effect on the share price will be to push it down - but on the other hand, maybe not if those in China and Japan are keen to buy the shares instead of lending via house ATM. People in Japan and China could go and live in the USA, hiring said BBB to clean house for them. BBBs could live 5 to a room in one house on a street while Chinese and Japanese could live in the other houses and enjoy the good life with the BBBs doing the house work, maintenance, road repairs etc. If markets are allowed to clear, there's always a solution good for everyone. Or, better than the alternative if the BBBs don't like the outcome and "March on Washington" with scythes or whatever marchers carry these days. Mqurice