After the negative surprise of GE … especially after they mentioned that they got hit within the last 2 weeks of March … due to the Bear Stearns turmoil …
We start to understand, why the financials start to move on to clean up their act … at least a bit.
And it seems to be AWFUL!!!
Citibank […]

GE … the once great GE … in TROUBLE
Only 2 weeks ago they reiterated their guidance …
Now they “found out” …
“After the Bear Stearns event, we experienced an extraordinary disruption in our ability to complete asset sales and incurred marks of impairments, and this was something that we clearly didn’t see until the end […]

Situation:
U.S. Markets: Markets sold off big time after the FED decision to cut rates each by 25bps … Nasdaq best performer with 2,4% loss, the Russell lost 3,7% …
So, America followed the Dax, rebreaking the downtrends.
But … reading the statement and trying to make sense of it …
isn’t it positive, that the FED is […]