General Electric- economic bellwether?

When you think of GE, you probably think of one of the best managed companies in the world. Former CEO Jack Welch is the poster boy for solid, no nonsense, hug em while you kick em management. Their management training program is arguably the best in the world. Many of the finest CEO's in the world have grown up at GE and have gone on to great success. Jim McNerny at BA is one of my favorites. It's business is wide, diverse and touches everything from finance to television and movies, to water, to jet engines etc, etc etc. It is the 11th largest company in the world according to Fortune Magazine. It is as good a bellwether of the overall U.S. economy as any other stock out there, or is it? Is this stock trading on it's own fundamentals, maybe trading down due to some exposure to the subprime market, or is it telling us something about the economy in general? It concerns me that the stock is down just shy of 10% from its high around a month ago. I am not sure what exactly that tells me, but I dont like it.