$GE Busts the Sloped Supports Following Fed Floor FingerGE offers connoisseurs of financial horror plots a good opportunity to indulge: If GE debt is downgraded from here, the volume of paper will nuke the lower tranches in the US corp space and force the Fed to go from "ridiculous mode" to "ludicrous mode" to keep the ship afloat.
At present, the Fed's 0% 2022 projections on Wednesday trap-doored this one under the trendline supports.
