General Electric (GE) Shares Pressured Down Again

Some investors aren't grasping the overall situation in Japan as it relates to General Electric (NYSE:GE), as shares are down again, largely on the uncertainty surrounding nuclear facilities in Japan.

About the only real risk for the company is in regard to it taking longer to implement more nuclear facilities, cutting back on service revenue.

If a major radiation problem develops in Japan, that would result in the possible future loss of billions of dollars, especially in democracies where the usual suspects will attempt to prevent new facilities from being implemented.

Nuclear only accounts for 2 or 3 percent of GE's revenue, so in that regard is just a small piece of the company that is being overreacted to.

Also it appear investors with the Western and American legal mindset seem to not understand that there's very little chance of any legal liability on the part of General Electric with Japanese nuclear reactors, as the laws are totally different there, and the operators are those holding the major liability.

General Electric was trading at $19.25, down $0.67, or 3.36 percent, as of 1:26 PM EDT.