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Tuesday, December 11, 2018

GE: Is $6.66 the Low Like 666 was the 2009 low for the S&P 500?

The market gods have a strange sense of humor.  Note how GE's low today was $6.66, the number of the beast.

Those who don't believe in market gods will say the market makers like to show their power in "devilish" ways.... 

Note how they used 666 to turn the very large S&P 500 market back in 2009 to make the bottom of the financial collapse.
Mythology has "666" as "The Number of the Beast" so it makes an attractive target for those with a sense of humor.  
From Wikipedia
The S&P 500 and the Nasdaq are down double digits in "correction territory while the Dow is down 9.2% from its all-time high.  


So, 
  1. does GE have a devil's chance of avoiding bankruptcy
    or is it dead man walking? 
  2. did "666" mark the "stealth bear market" bottom again?
Discuss it on my "Investing for the Long Term" Facebook Group here.

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