A correction is eminent...
Sold off some GE in recent days. The GE purchase has been a disaster since the day I bought it back in 2007. Sadly, I moved the proceeds to cash while the market continues to head in a straight line up.
GE is one of two black eyes that we have holdings in. The other is URA, which was purchased in hopes of a bounce back after the Fukushima disaster. "Never catch a falling knife..."
I'm sticking to my guns. A correction is eminent... And we have boatloads of cash to put to work (mainly in retirement accounts) when we finally see a pullback.