Long term forecast for General Electrics/GE.
Please watch this video:
"My investment in GE is 'one of the biggest mistakes of my career'"
cnbc.com/2017/11/13/cramer-says-ge-is-one-of-the-biggest-mistakes-of-my-career.html
Share prices of GE are correlated with global stock market crashes.
It means we just entered a phase of a global economic meltdown.
In short-term I expect price to move up then down however, in long term GE is going to 0$ or close to 0$.
Bottom of the financial crisis will be reached in ~2019.
Have a nice life :)
Please watch this video:
"My investment in GE is 'one of the biggest mistakes of my career'"
cnbc.com/2017/11/13/cramer-says-ge-is-one-of-the-biggest-mistakes-of-my-career.html
Share prices of GE are correlated with global stock market crashes.
It means we just entered a phase of a global economic meltdown.
In short-term I expect price to move up then down however, in long term GE is going to 0$ or close to 0$.
Bottom of the financial crisis will be reached in ~2019.
Have a nice life :)
Trade active
Trade active
"GE Slashes 12,000 Jobs In Troubled Global Power Business"zerohedge.com/news/2017-12-07/ge-slashes-12000-jobs-troubled-global-power-business
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Trade active
Trade active
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"General Electric shares drop to lowest level since July 2009"cnbc.com/2018/03/26/general-electric-shares-drop-below-13-per-share.html
Trade active
Trade active
Trade active
Awaiting more downward movement.Note
Great call made 12days ago, now:"GE shares post one of the worst weeks of the year, down 7%"
cnbc.com/2018/09/28/general-electric-short-sellers-are-up-36percent-this-year.html
Trade active
Note
Expecting the GE to move more down in the future, mainly because:GE Cuts Dividend To 1 Cent Amid Huge Earnings Miss
zerohedge.com/news/2018-10-30/ge-cuts-dividend-1-cent-amid-huge-earnings-miss-22-billion-writedown
Note
General Electric slashes quarterly dividend to just a penny a share, starting in 2019cnbc.com/2018/10/30/general-electric-earnings-q3-2018.html
Trade active
"JP Morgan analyst slashes GE stock forecast to $6, lowest on Wall Street"cnbc.com/2018/11/09/jp-morgan-slashes-ge-stock-target-to-6.html
Trade active
6.66!!zerohedge.com/news/2018-12-11/ge-slumps-ominous-666-march-2009-lows
Trade active
Ken Langone: GE is a disaster - watch 2nd video!cnbc.com/2018/12/19/ge-reportedly-confidentially-files-for-ipo-of-health-care-unit.html
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It's just the beginning of the job cuts in GE!!"General Electric to cut up to 468 jobs in France"
france24.com/en/20190122-general-electric-cut-468-jobs-france-unions
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Trade active
Trade is still valid, expecting more downward push soon!Trade active
Trade active
I believe there will be more downward movement in the future monthsNote
Madoff Whistleblower alleges that GE is a 'bigger fraud than Enron'youtube.com/watch?v=nL5FYLZoB7s
Trade active
GE Pension Benefits Freeze May Cut Deficit Up to $8 Billionyoutube.com/watch?v=cWsYIGupLA8
Still valid, GE will go bankrupt as Thomas Cook , Commerzbank etc., nobody will bail them out.
!!!Expecting a huge deflationary crisis!!
Keep your money out of the banking system.
Trade active
Still active ;-)Note
Trade is still active, we just entered a bear market that means the Greatest Depression will be announced in a few months time. It also means GE will keep crashing and may cause bankruptcy as previously mentioned. This chart confirms that:
Trade active
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Thanks
Simon_says
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.