$50Bn Friday – GE Swallows it’s Own Tail to Lift Markets

April 10, 2015 at 08:11 AM EDT

Another day, another $50Bn . That's how much of their own stock GE will be buying back (20% of the company) after selling most of their GE Capital Assets to Blackston (BX) and others. Keep in mind $50Bn is about what the big Central Banksters pour into the markets in a whole month and GE is not the 2nd public company to match them this week ( RDS.A dropped $70Bn on the markets on Tuesday ). Though the markets are taking it as a positive (GE must be undervalued, right?), I take it as a sign that GE is worried about Commercial Real Estate again and they are cashing out while they can and, since there is nothing worth buying with $35Bn and since money is cheap, they are using the cash to fund a massive buyback to reduce the number of shares their shrinking earnings are divided by in order for the board of directors to keep their phony-baloney jobs . After all, you don't need to pay out tens of Millions in salaries, bonuses, stock options, etc. to have Immelt and his Board preside over a liquidation sale – do you? That's why it can't LOOK like a liquidation sale – it needs to look like restructuring for the 21st Century or some such nonsense you can expect to read about in the annual report. IN PROGRESS

Another day, another $50Bn.

That's how much of their own stock GE will be buying back (20% of the company) after selling most of their GE Capital Assets to Blackston (BX) and others. Keep in mind $50Bn is about what the big Central Banksters pour into the markets in a whole month and GE is not the 2nd public company to match them this week (RDS.A dropped $70Bn on the markets on Tuesday).

Though the markets are taking it as a positive (GE must be undervalued, right?), I take it as a sign that GE is worried about Commercial Real Estate again and they are cashing out while they can and, since there is nothing worth buying with $35Bn and since money is cheap, they are using the cash to fund a massive buyback to reduce the number of shares their shrinking earnings are divided by in order for the board of directors to keep their phony-baloney jobs.

After all, you don't need to pay out tens of Millions in salaries, bonuses, stock options, etc. to have Immelt and his Board preside over a liquidation sale – do you? That's why it can't LOOK like a liquidation sale – it needs to look like restructuring for the 21st Century or some such nonsense you can expect to read about in the annual report.

IN PROGRESS