GE Delisted

After my picture fades
And darkness has turned to gray
Watching through windows
You're wondering if I'm ok
--Cyndi Lauper

Yesterday S&P Dow Jones Indices announced that General Electric (GE) will be removed from the renowned Dow Jones Industrial Index. GE had been the last remaining member of the original list created by Charles Dow in 1896.

Drugstore chain Walgreens will replace GE on the list.

The managing firm stated that adding Walgreens will make the index "more representative of the consumer and health-care sectors of the US economy."

Let's not kid ourselves. GE is a diversified conglomerate that operates in sectors far more representative of the US economy than a drug store retailer. This is about GE's poor stock price performance as of late which has served as a drag on the index.

We're certainly not there yet, but we're closer to the time when I'd consider going long GE shares.

position in SPX