Hold on to your Hats...for the next few weeks....if you bought the Cramer Hype!!!...you will thank him later...lol...
S&P and the Dow Jones, Extremely Overbought...save your Buying Power...Buy JCP under $10.00...for the record!!!...Cramer and the $15 Mark is a Joke on the retail investor...
save your Money today...Earnings reports, corporate strategies and analyst insights are all part of what moves stocks!!!...
BTIG’s Will Frohnhoefer explains why his downgrade of JC Penney (JCP) to Neutral from Buy...The $11 price target on the stock was removed.
Our move to neutral does not mean that we doubt that JC Penney will hew to the right path going forward, or that it will stop improving its sales and margins. It is simply based on valuation: JC Penney has achieved an 8.5x enterprise value multiple to our FY2016 forecast, which we believe values it fairly in relation to its competitors for now.
by BTIG Research...
European stock markets sank on Thursday as investors worried over reports of increased Russian interference in war-torn Ukraine, dealers said.
it is Not a coincidence!!!...it is all in the Books
A 60% correction ahead? Two experts think so...
Markets could soon face a fall of up to 60 percent, two experts told CNBC on Wednesday.
US STOCKS SNAPSHOT-Dow, S&P 500 end higher after Fed minutes Reuters
How the Dow Jones industrial average did Thursday Associated Press
US STOCKS SNAPSHOT-S&P 500 ends above 2,000 for first time Reuters
Stocks Waver After Fed Minutes; BitAuto, Jumei Slide Investor's Business Daily
US STOCKS-Wall St flat at record highs, valuations seen reasonable Reuters
A jolt to international confidence in central banks will lead to a 30 to 60 percent market decline, said David Tice, president of Tice Capital and founder of the Prudent Bear Fund. When this happens, he said, markets will face a "period of extreme turmoil."
This crash will be precipitated, he said, by a disillusionment with the Federal Reserve's "confidence game," which will then see inflation rise, and the Fed scramble to raise rates. At that point, Tice added, "the Fed starts to lose control."
Another market watcher also called for an impending fall.
The Fed's low interest rates could bring a "scary" 50-60 percent market correction, said technical analyst Abigail Doolittle.
"Unfortunately, I think it could come on a crash similar to what happened in 2007," Doolittle, the founder of Peak Theories Research, said on " Squawk Box " a day after the S&P 500 (^GSPC) closed above the 2,000 level for the first time ever. "It's tough to know what the exact catalyst will be. But that's the very nature of that kind of selloff. They start slowly and then happen very suddenly."
Read More Post-S&P milestone, Street looks for next catalyst
for the record!!!...Indices going Red at end of trading session, SPX /COMP....DOW will follow...they will take profits after huge market run...nobody wants to hold over the long weekend with huge gains obtain in the last four weeks...a new month on Tuesday of next week....too much geopolitical risk...
they will pull the rug before the long weekend...Market extremely overbought...new bag holders in the making above $11.20...JCP More than Extremely Overbought...
they won't be able to hold her forever...give it a few days...the Market up for four weeks in a row and at 52WH...Not a good time to buy the good ones, imagine the bad ones..."there is no manipulation" according to the SEC...lol...