In my last post I compared Google to Ford. Now lets take a look at another big company , GE. GE is the last remaining company of the original Dow 30 better known as the Dow Jones Industrial Adverage, the most widely looked at indicater of how the general stock market is doing, as well as the thing that a tremendously large number of people look to as a indication of how the economy is doing and not just the US economy but I dare say the world economy. A lot rides on what happens with the DJIA. If the news is telling them that the stock market is going up then things are great and we can spend spend spend, buy that new car go on that vacation, but if things are not Rosey with the DJIA people will most likely be tight fisted with there 💰. GE is a large diverse company that has had a lot of problems of recent and it's stock price has been beaten up a lot. Trading at about 13 dollars a share compared with Google at 1000. So let's just say the Bear market we are in continues and both companies slide 50 percent. GE would drop about 6 bucks while Google would loose 500. What would shock people more? GE is at it's 52 week low while Google is not far from it's 52 week high. In a huge stock sell off and over reaction as they usually are Google could fall a lot more than the general market and would create a incredible buying opportunity. My thoughts would be this is not the time to own companies that are near there 52 week high.
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Upvote and resteem please.
Would love to keep this conversation going.