Always remember that Jim Cramer said Spitzer was the next Jesus Christ....I am not here to make you money just to remind you that most of the time Cramer is wrong :)

GE was a market shock because it is considered (rightly or wrongly) a bell weather for the US economy and because the CEO had made big purchases before the reaction. That CEO Jeffrey Immelt bought big before the earnings shortfall adds uncertainty to the market because investors wonder "If the insiders don't know what is going on who does?". While it is true, I think, that GE's earnings problems will not generalize to other companies, many areas are having their own problems- retail, cyclical areas, financials, etc and some of those that are doing well like energy have been volatile and may be vulnerable to general market risk and fears of the economic slowdown. The question is whether there are areas to invest in now-- looking ahead past this problem at GE. I like something that could get a boost from the economic stimulus package-- maybe a Wal-Mart or Southwest Airlines. The stimulus package could soon start getting more attention than the financial debacle so something could happen there. Otherwise, it may be prudent to stay defensive-- in utilities and tobaccos, energy pipelines, things like that. And ag is still good but some of the stocks are riskier than before with wheat expected to pull back.

As mentioned in an earlier post, Investors should read the earlier comments by legend Jim Rogers on GE which are posted in the Channeling Jim Rogers section at http://www.Barrelomoney.com (toward the bottom of the page as he had things right early. I will be adding another item about his interview in Barron's this weekend later today or tomorrow.

I Have a real problem Should I keep of Sell MMAB Municipal MTG & Equity LLC It has had many problems recently and there is talk of missuse of money???????