GE- Bringing Good Things to Life in the Market

General Electric has broken out of a long funk. The stock closed today @ $38/share. The stock broke out on Dec 15 trading 88 million shares. These weren't mom and pop buying up shares, it was big money moving into the stock. GE is considered a Mega-Cap stock, which means it generates yearly revenues in excess of some countries gross domestic product. Anyhow, the charts don't lie. GE is trading at a new 5 year high. Many money managers feel GE is just as good as "cash". In other words, its stable, offers a dividend yield, and has predictable earnings. No telling how long the big money will stay in GE, but I dont think its leaving until GE hits $40. See other post for GE stock chart.