Wow! Today JP Morgan said that GE’s dividend and AAA credit rating are unsustainable. I read it something like this:

“sorry dude. we tried, but this whole thing has gotten a little ridiculous. get ahold of yourself, and try to pay off that godforsaken pile of debt! have some self-respect! This hurts us more than it hurts you”.

Now if only they would change that “hold” recommendation on GE to a “SELL”. JPM reduced their GE target to $9, and today it trades at around $11.00. Unless you’ve been holding GE since 1995, the last time it traded this low, you don’t have any cap gains to worry about. Sell that crap and buy it lower.

Disclosure: long GE puts