Having tumbled 10% in the pre-open after massively missing earnings expectations and slashing guidance, panic-dip-buyers have stepped in and (thanks in large part to passive index buyers flooding into The Dow), General Electric is now green…
"Kitchen sink" is the new no-brainer… as CEO call sit "horrible and unacceptable"
Dow-buyers helping out (and it looks like some Dow vs GE pairs hit at the open)…
It seems Dow at 1000x the price of GE remains solid resistance…
via http://ift.tt/2hSiVvL Tyler Durden