ge announces before market opens friday

key earnings before markets open tomorrow is ge

markets expect 0.45 and ge management had original guidance of 0.46

what to expect is simply what jeff immelt says ge, parent of cnbc, nbc, and ge capital is now

at the close of thursday, after the dow's 7.33% drop and ge dropping -7.94% 

it is now -48.72% in 2008, 8th worst in the dow 

warren buffett invested recently at $22.50 and at $19.01, he's down 15.5% in 2 weeks.  

immelt has been ceo since 9/1/2001 has seen his company drop -43.12% (total returns) vs -8.66% for the spx over this period  

if their earnings and guidance were to suck, it won't hurt the market anymore than it already has. great news would be that immelt gets fired.  

in fact, nbc/cnbc should be sold as neither of these entities make any money for ge.

paul