Last month, MSNBC reported that Warren Buffett had invested $3 billion in General Electric preferred shares with a 10 percent dividend. At the time, GE had fallen 42 percent in the past year. Well, since October 1st, GE has fallen almost 48 percent and that dividend (if it doesn’t get cut) is creeping closer and closer to the 10 percent mark. We’re dipping into the zone of the single-digit PE ratio, a number that I have read about but rarely seen until now.