GE - geee what happened???

[mrmarket]

Wow...did anyone see what happened to this stock? Down to $6.00?? PE of 4....Dividend of 14%

WTF??

[Lyehopper]

Wow...did anyone see what happened to this stock? Down to $6.00?? PE of 4....Dividend of 14%

WTF??

Heck! Five months ago, Buffett loved it @ $22

http://www.businessinsider.com/2008/10/buffet-buys-3-billion-of-general-election-preferred-company-selling-12-billion-of-common

I guess one day we'll know "the rest of the story"....

[New-born baby]

What banks?

Banks are always the first to turn the corner in any recession/depression.
Mr. Market, which banks do you think are the strongest and therefore best positioned to move up once the economy finally does bottom out?

[mrmarket]

I think Jack Welch deserves it for leaving his wife to go chase after that young redhead.

[mrmarket]

Banks are always the first to turn the corner in any recession/depression.
Mr. Market, which banks do you think are the strongest and therefore best positioned to move up once the economy finally does bottom out?

The best banks are either the brand new ones which don't have any bad loans on their books.

Very small savings and loan banks are in pretty good shape and they now have opportunities to grow their business since competition is getting crushed.

Obviously of the mega banks, JP Morgan is the best.