Mainstream media is a little slow on the uptake about [GE]...

A couple of slow-on-the-uptake losers named  Thomas Black and Molly Smith were published on Yahoo today trying to look smart even though they think nobody could have predicted the GE collapse (simply because they could not see it until is was blatantly obvious).  I love these idiots who come in after the damage is done and try to look smart and take command of the situation.  No, I am not talking about police and fire services even though the description matches them pretty well.

What's funny is that these idiots are actually proud of this drivel they have written which leads off, "General Electric Co. erasing $200 billion in market value would have seemed fantastical just a few years ago, but it has become reality amid accounting issues, weak demand, heavy debt and turmoil at the top.".  Fantasical???  Really??  Only to traditional "fundamentals" analysts who only close the barn after the horses are out.  My Elliott wave model clearly showed people what to look for and my own independent analysis - that GE was a debt laden vendor finance scam - was far more correct and insightful than anything Thomas or Molly can say at this time.

I think their article marks the coming bottom of the first 5 wave down and will lead to a major bounce.  But after that the company will either BK or be broken up.  That's what I say.  Now let's see what Thomas and Molly say: "Nobody is predicting GE’s demise. The market, though, has seen giants fall before. Lehman Brothers and Enron are gone; General Motors went bust and survived thanks to a U.S. bailout.  For GE, the stars would have to align against the company to push it into insolvency. An economic recession that undercuts GE’s healthy businesses and impedes a power unit turnaround, coupled with a larger-than-expected financial hole at GE Capital, would worsen the company’s plight.".

Well there you have it: "nobody" (that you ever heard of) is predicting GE's demise.  But for people like me that saw this collapse coming and who thus have shown an actual track record of being right, the most likely thing to happen is that GE will BK or be broken up into pieces in a very ugly way.  And the reason for this is much simpler than anything these "fundamental" analysts can point to: GE is nothing but a vendor finance scam.  It never would have grown so big and so much in debt had it not been for the unrestricted access to debt.  As interest rates eventually climb, GE will not be able to service their existing debt and they damned sure won't be able to vendor finance any new equipment sales.  It is their existing debt that will be the end of GE.  It's already a done deal and Thomas and Molly lack the independent thinking skills to see it.  Like most people, they are just herding with the herd.  That makes their "insights" less than useless.