General Electric has fallen so far, it is a decent play.
Look for companies with no debt (which doesn't apply to GE, they have a shitload, but its in the price) that pay a decent dividend. Re-invest the dividends.
"Why dollar-cost average into these stocks now? Because the data from those really, really monstrous bear markets, the ones that accompanied the Great Depression, show that investors who bought dividend-paying blue chips and reinvested the dividend did just fine in the bear markets that lasted from 1929 through 1942.
Stock prices plunged during that period. The price of the Dow industrials plunged 87% from August 1929 through June 1932. Stock prices hadn't recovered much even 10 years later. In April 1942, the Dow industrials were down 74% from their August 1929 level. The Dow wouldn't see its 1929 price again until 1954.
But with dividends, an investor could have prospered even as the price of stocks went nowhere. Measured by stock prices only, an investor would have broken even from 1929 through 1954. But an investor who had collected dividends and reinvested them would have seen a 340% total return by 1954, according to the Wharton School's Jeremy Siegel, the author of "Stocks for the Long Run."
He lists some good plays.