Bonds - The ax headed for General Electric's neck

Thursday, February 09, 2012




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5.	This morning's "fantastic" jobs report is hiding some shocking news

The ax headed for General Electric's neck

Wednesday, March 04, 2009
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From Newsmax:

Expectations that General Electric Co. and its finance unit will lose their coveted triple-A debt ratings are driving the steep sell-off in the company's shares, Bill Gross, co-chief investment officer of leading bond fund Pimco, said Wednesday.

"The markets are beginning to anticipate a downgrade to double-A territory," said Gross on CNBC television, noting that GE's stocks and bonds are widely held by many institutional investors, including big sovereign wealth funds.

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Topics:		Bonds \| Stocks

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