Re****ted net misses by 10% on deflation and write downs
on credit ops. Now remember, this company is a master
of 'managed earnings' and always re****ts 1 cent better than
expected. Sandbagging at its contrived best.
This tells me things are much worse than the press is re-
****ting, 30% of GE's earns are overseas and then converted
to weak USD. The lying s***bag CEO Immelt put $5M of
his own overcompensated plunderings into the stock at its
lows in march in an attempt to deceive others.
GE is blaming the easter bunny and a late PassOver.
As for overall markets, Dow Futures up 50 before release,
down ~25 after this huge miss. If GE hit the numbers the
market would have jumped 200-300.
IMHO the market still has a short term upward bias as a
huge number of puts underwritten by wall street and those
crooks hate to pay off and will move universes and markets
to prevent payouts.
