GE Showing Some Bad mojo

[haha]

S&P Cuts GE Rating Only 2 Notches, Stock up 11+%

Cut to AA+ with stable outlook.

Wall Street rallies on hopes of relief for banks: Associated Press Business News - MSN Money


Ha

 

[clifp]

I am not sure what worries me more, that GE stock was up 11% on news of them losing their long cherished, and much bragged about AAA rating, or that I understand why the stock went up.

 

[FIRE'd@51]

I think the market was relieved that the cut was only one notch. There had been some speculation that the cut might be a couple more notches to AA- , or possibly even to A+.