GE Posts Lower 1Q Profit, Cuts Outlook- AP
General Electric Co. reported a smaller-than-expected first-quarter profit on Friday and lowered its outlook for the full year, sending its shares down almost 10 percent in premarket trading as a slowing U.S. economy sapped its financial services business.
WHen was last time GE MISSED? GE IS LIKE A CROSSSECTION OF OUR ECONOMY...WEAKNESS WAS WIDESPREAD ACROSS THEIR BUSINESSES
IMPORT prices up 1.1$ EX OIL???? largest jump in 20-30 years??? CAN FED KEEP LOWERING??? US $$ GETTING DUMPED AM. TREND IS OBVIOUS http://briefing.com/Investor/Public/Calendars/EconomicCalendar.htm
....... Russel calling BULL from 1980 never ended....Brinker new highs for 2008......where is that light?
D
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2008
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April
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- ART MEETS FUNCTION
- REAL WORLD PROOF 'ALOHA AIR BANKRUPT"
- FED LOOKS TO GAIN MORE CONTROL??
- HOUSING DRIVES THE ECONOMY
- INFLATION
- MERGE
- WHERE'D THE CONSUMER GO?
- US RECESSION MAY ECHO THE 1930's
- FEDERAL RESERVE SYSTEM REVEALED
- BUSINESS IS GREAT!!!
- BOTTOM IN PLACE?
- WEAK DOLLAR BOOSTING PROFITS
- CREDIT BUBBLE REPORT
- READ 'EM AND WEAP
- GOOG CHART
- GOOG AND AM NEWS
- SPX 1400 RESISTANCE
- BILL BUCKLER OF PRIVATEER
- MER BEATING EXPECTATIONS....IN WRONG WAY
- DOW MEASURED IN GOLD
- LONG TERM DOW CHART
- FINANCIAL TSUNAMI
- ED WALLACE'S WEB SITE
- "BAD MONEY" INTERVIEW ON NPR
- THE ONE BOOK YOU SHOULD READ NOW!
- GE MISSES
- EPIC BULL OR GATHERING BEAR?
- BEAR TO GATHER STEAM OR EPIC BULL???
- DOUBLE EDGED SWORD CUTTING ACROSS AMERICA SLASHING...
- BEAR CASE OR 6 PACK?
- BEAR BED
- INVESTORS IGNORE STOCK DILUTION
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April
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About Me
- Marc R
- Baltimore, Maryland, United States
- PROFILE FOR MY 1 SOURCE BLOG: We have over 30 years of experience and the best resources available to bring you unequaled value and customer service. We look forward to helping you with your next project with our "Creative Office Solutions" #2 PROFILE FOR MY MARKET "HOBBY" BLOG I have been writing about stocks and the market since the late 90's. My record of calling the last 2 , now maybe 3 bear markets stands. There is more to investing than just avoiding bear markets, but it sure doesn't hurt. I offer NO recommendation to buy or sell equities or trade any vehicle...I just offer my opinion for what it's worth. Consult with your financial advisor before taking any actions. this financial blog is for amusement only.
2 comments:
The fed has to raise interest rates. Either way, I see more downside pressure, at least a retest of the lows before any upward move. If the fed doesnt raise rates to compete with other countries, oh my. There was an excellent article by Volcker in the news the other day. I think I sent it to you, we need him in control to even have a chance to get this train back on track.
A real good Jim Rodgers interview. A lot of interesting folks live down near where I would love to go.
http://www.moneymorning.com/2008/04/08/exclusive-interview-investment-guru-jim-rogers-predicts-more-pain-for-the-greenback-and-the-failure-of-the-federal-reserve
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