With earnings out and unemployment applications down I suspect stories will come out today about FED tightening. If this happens, watch for a possible sell off in the DOW. Earnings about three weeks away, JCP should off hard two weeks before last two earnings. It may pop or drop this time but I doubt if it will hug the line. Time will tell, good luck to all. The stores look great locally. Who knows what numbers they will produce.
Silly article. There is a 1.9billion credit that would mostly be lost in the event of a take over. Poison pull requiring something like a 10% ownership in place till 1/17.
SC, what factors do you think will take it down to 5? ... I'd like to understand your thought process because I see 14-15 by year's end.
The demise of SEARS has been speculated for about 4 years. I agree that they do not look good at all, however, the market and companies usually confound traders. I wouldn't short them as the " market " is usually wrong.
We share a love/career of chemistry. The FED issue is the/a continued " East Coast " mentality. E.G., What is good for Washington and NYC is good for America. These are insiders that have lost touch. My concern for the nation ( I believe in citizenship ) is that Congress isa deferring while the FED is assuming powers past its original intent. Now it is trying to make comments on market sectors for God's sake? ... Monetary policy? ... bank management and over sight? ... creation of M1, buying and holding of bonds? .... 90% of this is the job of a Congress that refuses to act. In the absence of power, they power will be grabbed.
I saved the DM's piece as I am of the same view. You and I agree on the potential of JCP but not the timing of ownership as I wait this one out for a short period of time. ~ Changing subjects, I would note a population that thinks the FED has gone too far, as we believe. The stimulus was necessary after Lehman and was based on 6% unemployment ( which is a fake number as compared to U6 ) ... THEN it was 2% inflation ( which is fake when using efficiency inputs stemming from Greenspan ) THEN it because wage growth. It is obvious to me as of late that this stimulus will never end. If it's zero percent or QE or whatever .... the FED's intent is to take money from Main Street and give it ( indirectly ) to Wall Street.
The last two earnings announcements had major sell offs ( 10-15% ) in JCP two weeks prior to earnings. This doesn't guarantee a sell off this time, but it certainly raises warnings.
Application is ... A P P L I C A T I O N ... Also, " At " shouldn't be capitalized. Helpfill doesn't have two L's ... Here you go, one freebie. Last one though ...
" It will be helpful when you fill out your application at Burger King "
I will say this, you do represent the average American. You surely make your people proud.