First mortgages, now credit cards..
Here comes the "Mother of All Bailouts"
Do not expect a "V" bottom this time. Do expect the volatility to continue.
Yet another horrible day for those of us owning U.S. securities, however SmartMoney.com has three stock picks that are credible if you can get yourself to Buy into this current state of madness.
From the official GE (NYSE:GE) website
When was the last time General Electric Company (NYSE:GE) shares traded at $14? Take a trip back to 1996, the last time a Democrat was elected as the U.S. President and Tom Cruise was still considered cool.
GE (NYSE:GE) affirmed it dividend today but unlike Dow Chemical (NYSE:DOW) Andrew Liveris who said "This CEO will never cut the dividend", GE's Jeff Immelt was eerily silent.
Interview with GAMCO Investors CEO Mario Gabelli talks about what stocks he likes and buying for dividends.
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