In Defense Of General Electric (GE)

Investors have deserted GE's (NYSE: GE) stock over the last week like draft dodgers fleeing to Canada. The firm’s shares fell more than 20% over the five trading days, and now sit near a multi-year low of just below $9, 25% of its 52-week high. Even though GE’s financial services operation is only one of many parts of the company, its shares have done much worse over the last year than JPMorgan (NYSE: JPM) or Goldman Sachs (NYSE: GS). It is as if GE’s large and healthy infrastructure business did not even exist.

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