Have not heard that about GE--but Cramer is announcing as we write that a lot of big companies are gonna go down.....GE still has its fingers in India BIG TIME....it is in the US where leveraging was way overboard, (hedges, housing...etc)where the trouble will occur......and small companies, such as TKO, no doubt are going into retrenchment mode, as well...
On top of that...the hedge funds that have been making their living by shorting the market are under the looking glass right now for their low low tax rates of 15%...when the average guy pays 20% and MORE on any short term gains...seems there was never a law in place that ALLOWED them to pay only 15% instead of 30---they just did that, using the what is it....TKO uses it too...line item where you give away intangibles, and use it as a write off? Blackstone used it when they IPO's....saving them MILLIONS of dollars in taxes...
