European debt worries plus China slowdown equals bigtime selloff today. Get out while you still can. Plus, a Cramer pump is always a bad sign. As usual, he's just trying to buy time so he Wall Street buddies can cover their positions.
So what's your rationalization for JBL's strength today? Dow down 100+. JBL is holding up pretty solidly. Do you really think there's 10% downside when by most measures the economy is broadly recovering? JBL's got to benefit from that, which is why it's at 5 year highs. What's your thinking on this?
Dow down .5%, JBL down 1.1%. JBL is lagging the market.
China and Europe in (or on verge of) recession. Europe still has debt problems. Yes, US indicators are trending up, but a 5000 dip in jobless claims is nothing to write home about. Unemployment still very high and housing still at or near bottom. JBL has had big run up lately. About 35% in the last 3-4 months. Their earnings were okay, but definitely not great. Costs are way up, which is a big problem if their top line falters due to macro or other influences.