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Bernstein Joins Kool Aid Drinkers As It Upgrades GE Stock To $19 On "Valumagination"
Let us paraphrase the report: GE will be bailed out by the NY Fed (although without its soon to be disposed CNBC subsidiary). Forever. Period. The opportunity cost of reading this report is a full frontal lobotomy. You have been warned.
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GE, no, BFE
It must of been MCC(s) tight outfit affecting their judgement.... :-)
She just needs one of those "Marilyn" pointy bra's that seem to be back....
Note the usual left pan zoom in.... ;-)
http://www.cnbc.com/id/15840232?video=1320222449&play=1
I predict GE to cut divvy again. Sad.
Valumagination! I'm sold!
The "Risk" disclaimer only outlines events which are highly improbable in this macro/regulatory environment... ;)
also cutting employee benefits...
Is this going to be rememberred as the market where the smart people looking at fundamentals all get screwed and the idiots counting on taxpayer money and bailouts all get rich? This is now institutionalizing "moral hazard" and using it as an investment thesis.
It seems to be shaping up exactly as you have indicated, Scarecrow.
Government's credit card is the new bubble.......whoodathunkit a year ago ??
rumors of Mr. Efficient Market's death are exaggerated.
He is still around, lurking.....
scarecrow you neglected to mention that in addition to idiots there were lots of smart, dishonest insiders who have cashed in on the March - November Bernanke sponsored rally
Wonder how much they paid for that? I have been calling them Gubment Electric since last year. It's coming soon to a bailout near you. This shit seems like it's never going to end.
I couldn't agree more with this upgrade. With all of the reserve requirements soon to be levied on bank holding companies, GE has already submitted their letter to the Federal Reserve requesting their exemption. Curiously enough, it was drafted by William C. Dudley, President of the New York Fed.
Price target north of $40... EASILY!
Tyler, in all seriousness, do you disagree with the central thesis, that GE will be bailed out forever?
Let's summarize this thread so far:
Where does it go from here?
I would add the brilliant and "cutting edge" marketing approach advertising jet engines on their fully owned website geared to the retail, individual market.
I may buy one of the those jet engines. I just gotta figure out what to do with it.
Hair dryer on steroids.
I was thinking more along the lines of:
But I see where you're going with it...
Trust me, you're gonna need it when TSHTF. See if you can get them to throw in a wind turbine, too.
Too bad i can not add a sound file that is of a toilet flushing.
G2g, have more taxpayer money to throw into the National Money Hole
www.theonion.com/content/video/in_the_know_should_the_government
@unscarred said...Where does it go from here?
Umm something like this?
http://www.adultswim.co.uk/video/index.jsp?maven_playerId=adultswimvideomain&maven_referralPlaylistId=2bc568eea59f32c4f5283304df84793858644759&maven_referralObject=4744346
or mabe
http://www.adultswim.co.uk/video/index.jsp?maven_playerId=adultswimvideomain&maven_referralPlaylistId=2bc568eea59f32c4f5283304df84793858644759&maven_referralObject=4744380
Skippy, that is some goddamn funny ass shit!
WTF ^ infinity
frontal lobotomy gratefully received ha ha
GE's Imagination At Work corporate motto is working well, at least in the financial dep, and the company stock reflects that.
A weak dollar through 2010 should aid exports in transportation. However, many factors could influence the needed stability this report implies. It is an old world report in a new age of volatility. The omissions speak volumes about what still is unfashionable to serve up, avoiding the indigestion of the uninformed. Burp!
Huh. I don't see what's so dangerous about reading this repor... Bhlegggetttphhhptttsssppp....