GE warns

[Kevmeister]

This is the first time I've ever seen GE warn on earnings. I realize that it is because of the WTC catastrophe and they will have an estimated $600 million in claims.

Any opinions on what this means for GE on Monday?

 

[praetorian2]

Holy wow. I don't know what to make of this.... It can't be good for the market though.

 

[limbo]

You can say that again HK-It sux.

 

[Trader01]

GE, the holy grail, takes a hit. Jack Welch sure left at the right time, didn't he.

Be careful with that market Monday. Don't trade it unless you have to.