By Tim Knight
General Electric has been falling for two solid years, having lost about two-thirds of its value. Let’s face it, ANY stock which can do that poorly in this completely fake, central-bank-supported, sugar-high of a market has got to have SERIOUS trouble. I thought it might manage to double bottom, but nope – – even with markets near lifetime highs, this piece of crap is breaking down to levels not seen since 2011.
Here’s a longer-term view, to show just how wretched the company is. (If the markets had been left to fend for themselves, GE would have gone out of business in 2008; as it is, we were stuck with them for another decade).
Of course, with performance this lousy, you just KNOW the people at the bottom are going to be severely punished. I mean, fair’s fair, right?
Once the next bear market hits, GE won’t survive. It’ll be absorbed.
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