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GE Plunges Into Single-Digits

•, by Tyler Durden

Update 1: For a few brief moments this morning, GE's Q3 kitchen-sink earnings news and dividend cut prompted hope among all those investors desperate for some reason to hold. That has now gone as GE is down over 8% and nearing single-digits...

The last time GE crossed $10.20 to the downside was February 19, 2009, the day after filing the 2008 10-K. Immelt would decline his bonus and 8 days later GE would cut its dividend for the first time since the Great Depression.

And GE shares are now unchanged since 1995...