Re: GE sets new 52 week lowNov 20th, 2018
Your hint was when I mentioned that it was below 2008 lows
GE is setting up to take down the big 5 banks in a debt tsunami.
it illustrates that GE still potentially has a long way yet to fall
American companies like Amazon, Alphabet, Microsoft, Facebook, Walmart, Caterpillar, Ford, Apple, 3M,...
Some of those are in decline ...Walmart, Ford, Caterpillar are "yesterday"
and doomed. 3M soldiers on because of their diversity. Microsoft peaked a decade ago. Most computing devices around the world are held in your hand, now and the Windows operating system has not caught on with mobility. Apple, then Android rule the roost, now. I use Windows in my workplace only but nowhere else, anymore. Facebook has peaked and is going over the top. There are issues galore with Facebook. Amazon is on the way up, killing off the Post Offices, malls and general merchandizers like Walmart off as they climb. (Remember Sears? the catalog store killed off by the new Amazon catalog store?)
Amazon is American. Walmart is flourishing. Everywhere I look I see construction with huge Caterpillar machines. Ford is setting truck sale records. Eight of the top ten largest companies in the world are American, and five of those eight are less than 50 years old with three of those being less than 20 years old.
But yer right, the US is failing.
Yup, it is and you're keeping a "happy face" instead of watching historic trends. Ford, by the way, is about to close several plants and lay off may thousands as GM just did. Microsoft has nowhere to go but down. Caterpillar has many competitors around the world and outside of North America, will have dismal market share. Walmart is not growing, anymore. Millennials don't shop that way.