[bencole]

http://news.moneycentral.msn.com/ticker ... id=9690476


General electric stripped of AAA debt rating its held for 50+ years, it looks like the financial arm of the company has really done some damage.

[Tyler_JC]

And yet the stock has rallied 50%+ over the past few days.

The S&P raised their guidance on the company from "poor" to "stable".

The company's credit rating was downgraded from AAA+ to AAA. That hardly means the company is on the verge of bankruptcy.

I think the future is bullish for GE. It has a strong media business, a strong health care technology business, and a very strong infrastructure/technology business. The credit business is a mess but it won't be enough to take down the whole company, it has no derivatives exposure.

[AAA]

Good thing I still have a AAA rating.

[bencole]

Good thing I still have a AAA rating.

Hey, if your selling bonds in a sail powered shipping company post peak, I'll buy!

[bencole]

And yet the stock has rallied 50%+ over the past few days.

The S&P raised their guidance on the company from "poor" to "stable".

The company's credit rating was downgraded from AAA+ to AAA. That hardly means the company is on the verge of bankruptcy.

I think the future is bullish for GE. It has a strong media business, a strong health care technology business, and a very strong infrastructure/technology business. The credit business is a mess but it won't be enough to take down the whole company, it has no derivatives exposure.

Yeah, I'm currently debating whether to buy GE stock right now seeing how its historically low, they cut their dividend payment unfortunately, but it seems like the stock price was really dragged down more by the overall maket conditions, maybe when the markets
bottom It will be a good time to look at GE stock.

[AAA]

Yeah, I'm currently debating whether to buy GE stock right now seeing how its historically low, they cut their dividend payment unfortunately, but it seems like the stock price was really dragged down more by the overall maket conditions, maybe when the markets bottom. It will be a good time to look at GE stock.

I am 26 so my time horizon is a lot longer than most here. I have bought GE and Bank of America over the last couple of weeks and have some nice returns.

Too bad I had been buying the S&P 500 every 2 weeks in my 401k over the last 2 years.