Help me MSFT and GE, you're my only hope
Bear Market, the Dow is down 20% YTD, Recession, Stagflation, $4 Gas...Help me Obi-Won Kenobi you're my only hope. Is there any hope left on Wall Street? As Obi-Won would say, I have a bad feeling about this, but there is hope.
Jedi Mastery, Stock Mastery, you can only turn to the largest and most successful of corporate giants:
Microsoft Corporation (Public, NASDAQ:MSFT) and General Electric Company (Public, NYSE:GE)
These companies need no introduction and thanks to the Force, they are trading at or near 52-week lows, then again, what stock isn't these days?
However, the market cap and volume of these two giants is what makes them so appealing at a time like this, if you so choose to stay in the market these days.
There are more shares of these compaines then there are Jedi's or Sith's, no matter how many shares may be sold short, you can't move these stocks by manipulation, it takes billions to make a movement. Despite the massive market caps, GE with $264 billion and MSFT with $258 billion, these giants have been beat and left for dead.
But if Darth is the current powers that be that have pushed GE and MSFT down and Obi-Won are the corporate Jedi Masters, here's how the conversation would go:
Darth Vader: Your powers are weak, old man.
Obi-Wan: You can't win, Darth. If you strike me down, I shall become more powerful than you could possibly imagine.
Doug McIntyre's article this week A Plan To Save The Stock Market (GE)(MSFT) at 247WallSt.com may only be speculation, but it's grounded in reality, and that's contrary to the doom and gloom outlook by so many talking heads (CNBC mainly).
Don't care for speculation? Then try reading Rich Smith's GE: Not Too Big to Bounce at Fool.com. It's not easy finding a positive article on Mr. Softy this week after Bill Gates finally left the building. Then again, for every 1 positive article there are at least 20 negative on GE. The masses are against these two giants and maybe they will fall further, who the heck knows when the Dow drops 200 points every other day.
Rather then repeat a bunch of positives and obvious facts you've already heard and know about GE and MSFT just consider how much is riding on these compaines to turn their stock price around. You think you have problems? Steve Ballmer, Jeff Immelt, the Board and Officers of Microsoft and General Electric have to get the stock price up, otherwise they will be struck down and disappear into the darkness.
Yes GE's Jeff Immelt blew it last earnings call and Gates has walked away from MSFT left with 'Google Envy'. But is the Force strong enough to kill these Jedi Masters? Bulls vs Bears. Good vs. Evil. Jedi vs. Sith. Who really wins in the end?
No matter how low MSFT and GE go, some how, some way, in the end, the Jedi and Sith's will come together and realize they should never have doubted one another.
Time will tell, but I believe a year from now, the picture will look something think this...
Disclaimer: Long GE and MSFT.
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