GE for years has been nothing but a hedge fund masquerading as a company with a lot of high-risk bets and accounting tricks. They were always able to make their predictable earnings like clockwork because they pulled out the earnings from GE Capital when they needed them to even it all out.
No one's ever been able to fully understand all their liabilities. If they make the company completely transparent next week, investors are not going to like what they see.
One Of Things I Have Learned In The Investment World - “One of things I have learned in the investment world, when something is ‘good news’ for some asset and it goes down, you better be very worried, so of cou...
20 hours ago