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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Snowshoe who wrote (71181)	3/4/2009 10:43:54 PM
From: TobagoJack	Read Replies (2) \| Respond to of 74559

i guess i was an optimist. looks like ge is on track to hit 5 and fall through, in 18 days and beat my guess of 18 months by wide margin. ge's returns were no different than that of madoff's gains, steady, clockwork like, dependable, for the most part, except that ge had to work at the fraud, whereas madoff just sat around without lifting a finger. now that fannie, freddie, aig, and ge are as bad as gone, along with the states, led by california, per my script, i figure the fed government is tee-ed up next recommendation: buygold

To: Snowshoe who wrote (71181)	3/5/2009 2:14:22 AM
From: Sam	Read Replies (1) \| Respond to of 74559

You own a conglomerate with $797 billion of assets and $525 billion of debt. And the only assets you own are the ones left over after those debtholders get their $525 billion back. The market cap is down to about $70b now. And they have about $50b in cash. And operating businesses that throw off good cash when the economy is decent. I'm shellshocked too. Too much so to buy falling daggers--oversold can obviously get very very oversold in this kind of environment. But unless GE Capital is on the hook for a lot of CDSs that we don't know about, seems like it should be a buy somewhere in here (psychology aside).