General Electric: The End of 'Dead Money'
The markets are down roughly half a percent today, but General Electric (GE) is up 1.36% at the moment. As shown in the chart below, GE has really done well in recent weeks. Below is a relative strength chart of General Electric compared to the S&P 500 over the last 10 years. As shown, GE underperformed the overall market for pretty much the entire 2000s decade. It underperformed during the 2003-2007 bull and also during the 2007-2009 bear. During the current bull market, however, GE has outperformed the S&P 500. There are lots of mutual funds and other investors out there that have owned this bellwether for years that really hope this continues. Is GE finally ready to lose the "dead money" label?
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