ever wonder WHY CNBC keeps pushing the financials ?

here we go again today ! on PowerLunch bill griffith (sp?) says he will ("once again," lol) ask if the banks are ready to turn around. never have i seen one sector pushed so hard when the technical and fundamental evidence shows nothing of interest. so, what could be behind it? you probably already know the answer: GE is 40% (at least) a (mostly) subprime bank. now, of course you haven't heard that discussed very much at CNBC, LOL. and with all the rot showing up across the financial landscape, does anyone really believe that GE is immune ? no way, i say. and they are probably MORE susceptible because much of their lending is opaque. GE is a good low risk short right now, and worth a scale in up or down, imho. when that one blows it will be a sight to behold. one of about five companies with a tripA umbrella credit rating, it has a loooooooong way to fall. my guess is that eventually it will go below ten bucks.

Edited by humble1, 15 January 2008 - 12:05 PM.

here we go again today ! on PowerLunch bill griffith (sp?) says he will ("once again," lol) ask if the banks are ready to turn around. never have i seen one sector pushed so hard when the technical and fundamental evidence shows nothing of interest. so, what could be behind it?

you probably already know the answer: GE is 40% (at least) a (mostly) subprime bank. now, of course you haven't heard that discussed very much at CNBC, LOL. and with all the rot showing up across the financial landscape, does anyone really believe that GE is immune ? no way, i say. and they are probably MORE susceptible because much of their lending is opaque.

GE is a good low risk short right now, and worth a scale in up or down, imho. when that one blows it will be a sight to behold. one of about five companies with a tripA umbrella credit rating, it has a loooooooong way to fall. my guess is that eventually it will go below ten bucks.

Good catch, Humble. I didn't know. I knew something was up when it finally had a breakway gap on Oct 11th. It came back to fill it and headed down. Dag, knowledge is power to make good money. Nice work.

here we go again today ! on PowerLunch bill griffith (sp?) says he will ("once again," lol) ask if the banks are ready to turn around. never have i seen one sector pushed so hard when the technical and fundamental evidence shows nothing of interest. so, what could be behind it?

you probably already know the answer: GE is 40% (at least) a (mostly) subprime bank. now, of course you haven't heard that discussed very much at CNBC, LOL. and with all the rot showing up across the financial landscape, does anyone really believe that GE is immune ? no way, i say. and they are probably MORE susceptible because much of their lending is opaque.

GE is a good low risk short right now, and worth a scale in up or down, imho. when that one blows it will be a sight to behold. one of about five companies with a tripA umbrella credit rating, it has a loooooooong way to fall. my guess is that eventually it will go below ten bucks.

Good catch, Humble. I didn't know. I knew something was up when it finally had a breakway gap on Oct 11th. It came back to fill it and headed down. Dag, knowledge is power to make good money. Nice work.

I don't watch the all day infomercial but, I do know that GE commercial unit's offices in Stamford, Fairfield and Norwalk, CT (Fairfield Co.) are very slow right now. You're theory makes sense to me Sky.

Edited by milbank, 15 January 2008 - 03:39 PM.

here we go again today ! on PowerLunch bill griffith (sp?) says he will ("once again," lol) ask if the banks are ready to turn around. never have i seen one sector pushed so hard when the technical and fundamental evidence shows nothing of interest. so, what could be behind it?

you probably already know the answer: GE is 40% (at least) a (mostly) subprime bank. now, of course you haven't heard that discussed very much at CNBC, LOL. and with all the rot showing up across the financial landscape, does anyone really believe that GE is immune ? no way, i say. and they are probably MORE susceptible because much of their lending is opaque.

GE is a good low risk short right now, and worth a scale in up or down, imho. when that one blows it will be a sight to behold. one of about five companies with a tripA umbrella credit rating, it has a loooooooong way to fall. my guess is that eventually it will go below ten bucks.

Good catch, Humble. I didn't know. I knew something was up when it finally had a breakway gap on Oct 11th. It came back to fill it and headed down. Dag, knowledge is power to make good money. Nice work.

I don't watch the all day infomercial but, I do know that GE commercial unit's offices in Stamford, Fairfield and Norwalk, CT (Fairfield Co.) are very slow right now. You're theory makes sense to me Sky.

GE earnings Friday morning before the open... Very strong base at 31. I'm neutral at 34.88 area. and will buy if it prints 31 to 32.

all: thanks for your comments and encouragement. p.s. i will watch those chart points you mentioned, KN2. thanks for them.