Alarming signals are coming from an unlikely place, the market that the industry long touted as an engine of infinite growth.
Bloodletting beneath the surface. Big names too. Here they are.
Fears the bull market died sent people & algos scrambling out of the way.
Lured by the siren song of a “buying opportunity” and a fat yield.
The myth of the “blackout period.” And the price of “unlocking value.”
The hail of two-notch downgrades doesn’t help.
A classic Friday night bad-news SEC-filing dump.
When all is said and sold off, GE’s debt burden – much of it attributable to GE Capital – looks enormous versus the size of remaining assets and cash flow.
To heck with crummy revenues and earnings.
GE sees bubble, dumps assets – with impeccable market timing.