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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: The Reaper who wrote (262768)	7/21/2010 3:04:49 PM
From: tejek	Respond to of 306849

The revenue beats stood in contrast to recent reports from largest U.S. conglomerate General Electric Co (NYSE:GE - News), as well as banks, including Bank of America Corp (NYSE:BAC - News) and Citigroup Inc (NYSE:C - News), which topped Wall Street's profit expectations, but missed the mark on revenue and saw their shares slide. See this is the problem with being too negative. GE has been deadheading for years......ever since Immelt took over. One look at their stock chart for the past 5 years tells the story: finance.yahoo.com During that period, the stock moved sideways then dropped when the bottom fell out of the markets and then resumed going sideways at a lower level for the past year and half. The stock's action tells the story of the company. How Immelt keeps his job is beyond me. BAC did have a lousy report.......the worst of all the banks. And I believe it. They hold the note on my mortgage......and their servicing stinks. And when I tried to refi, their people kept dropping the ball. Things are messed up badly at that company.....I am surprised the press hasn't gotten wind of it. As for C, it was a good report. The stock did drop but has moved back up: clearstation.etrade.com C's CEO is making all the right moves and I own shares in my IRA. And the regional banks have started coming in and they are providing some good reports. Got to say.......so far, earnings season generally has been good, not stellar, but good. Remarkably good considering at where all the negative thinkers believe the economy is. And seriously, dude, you should change your nic.....it could mess up your karma badly. ;-)