Question before i consider buying: is jc penny's book value $8.69? i bought best buy after the ceo bought a million dollars worth of bby and i still own it. got that one perfect. with jcp it looks like the same kind of setup doen't it? stock sells off on alot of controversy that they cannot ever compete again, just like best buy last year. after bby fell down to book value, ceo stepped in and scooped up a million dollars of bby in the mid to high teens. one more sec inquiry and some more bad press and a hedge fund or two dumping their positions for a loss, and the bottom was in best buy. could jcp be any more like bby last year ? i'm looking for just one serious buyer to step up and buy jcp and i'm buying 5,000 shares. i believe we are close, very very very close.
The fed can "never ever taper" and you can bank that statement!!! - if they did they would nuke our financial system. expect phony fed tampered economic data that is just soft enough to keep qe going for years, but strong enough to not have to add more qe. that is the game plan people, now go out and buy a ship load of equities. the fed has no game, they are clowns without a circus!!!
THE FED AND YELLEN/BERNANKE INC. WILL NEVER EVER TAPER, THEY CAN'T! - PHONEY FED!!! Watch for more fed tampering of economic data in the days and weaks ahead, just enough manufactured weakness in U.S. data to hold off on taper talk for the next 6 months. And, this game will go on for years. The fed knows that rates cannot rise or the housing market chokes and the US debt swells just on interest increase alone. Just a 1% move higher on 30 yr. bond would tack on $1 Trillion to the current $600 Billion per year swelling of the US debt at current rates. It would deep six our financial system and the world along with it.
THE FED AND BERNANKE/YELLEN ARE SO FULL OF IT! ...THEY WILL NEVER TAPER...NEVER!!! Reason being, they can't. If they were to unwind QE rates would excellerate at stealth volocity just like they did in May, 2013 when they just talked about tapering when data supports tapering. The 10 year ran up to 3%, a 30% move in rates. Next reason they can't taper: THE U.S. DEBT IS ALREADY AT 17.3 TRILLION DOLLARS AND GROWING AT $600,000.00 PER MINUTE OR $36,000,000.00 PER HOUR OR 864,000,000.00 PER DAY OR $25.9 BILLION PER MONTH OR $320 BILLION PER YEAR. AND THIS IS WITHOUT ANY INCREASE IN BOND INTEREST RATE YIELDS, REMEMBER THAT. Add in another 1% higher rates on the 10 year and 2% on the 30 year and you can triple the $320 billion per year. AMERICA IS IN DEEP POOOOPOOOOO PEOPLE!!!!
Japan and asian stocks go kaboom!!! wholly phantom yen batman!!! 30% wage increases? Taper talk that never happens? bitcoin mania? amazon drones coming to kill us all? And, now ups drones coming to kill the world? hmmm, does this feel like the same environment we were in just a few months ago? something just doesn't quite feel right, does it? why is every ceo coming out of the woodwork to talk about how they will "some day" deliver packages with drones? i like to reference the naaim survey. it is currently the most bullish is has "ever been". if you have a minute, take a look at the naaim site, it's really quite informative.
LARRY KUDLOW IS 100% COMPLACENT ... BOWS TO STOCKS AT NEW HIGH 1813. Poll of rich investors states that the rich were bullish and are now seeing major headwinds for stocks at 1800 level. NAAIM survey is at 100, and is as bullish on the part of financial pros as it's ever been. Something is not lining up here.
Bitcoins and drones? this is the news of the day, lol!!! maybe dropping bitcoins with bitdrones is next?
Ask evan what makes up a p/e on a stock, and she will giggle. saying something like, oh wow, that's a doozy!! Lol!!!! he-he!!!
Alot goes into a makeup session now a days but you can powder up all you want kelly, it won't turn you into a classy woman. you flat out ... "lack class". and, you are as unintelligent as they come. my doby has more upstairs than you do. kelly is great at ready off notes, right? but, actual intelligence and intelligent comments? she has nothing to offer, right? anyone else seeing this?
Out goes maria bartaroma, in comes kelly evans. how obvious is this, right? better watch out mandy, you are next to go just watch. welch clearly pays according to vedeo pull based on appearance. anyone else seeing this?
If this is anything like best buy and it sure looks the same to me, there were several insiders, not just one, buying bby 6 months prior to the stock finally putting in a solid bottom. this company has more problems than people know about. unless another insider steps up and i mean fast, i fully expect jcp to pop to $11-12.50 range where it could penitrate the last several times, then look for a "r-e-t-e-s-t" in the hight $8.00 to low $9 range within the next 5 to 6 months. at this point, i would look for the insiders to come in for real, not just one insider who is trying to show support for his stock shares. this company is bleeding red ink and i mean bleeding. they couldn't lay off or fire enough workers to make this business model competitive. that's the true problem with jcp. amazon, macy's, gap, and even ambercombi and sears have more to offer in clothing and quality for a bargain than this p.o.s. my lord, there are so many other ideas to invest around today that have real potential for near and long term growth. what in the world is everyone excited about? if akman saw trash in jcp enough to dump and run, there are more problems left to be devulged. upon those devulgencies, maybe just maybe there may be an interesting trade from $8 to $12 again. this will take many years to turn this company profitable if it can ever do it. maybe they can report a 10 cent gain in 2016? what do you think?
This is "the coming of saten " rally that sucks every soul in before it destroys them all!!! it's going to be biblical. and, yellen has been sent by saten, masked in white hair and angelical-like, to convince us all that it's safe to invest again.
Q: what happens every 90 seconds? A: another $1,000,000.00 is added to u.s. Nat. Debt. thanks to qe and the drunken sailer spending by the obama administration. the fed and obama and the next 5 presidents can pretend all they want that it's not there and never talk about it with americans, but this is ... "what will destroy america". unfortunately. and, still the banks are taking the money the fed handed them to loan to americans and american companies, and buying stock etfs and mutual funds as a way help the fed snow the world that "things are looking better in the u.s.". it is a sure thing . . . "things haven't been worse in the united states". our national unemployment, combined with those that have completely given up on looking for work and those that are in the teen and 20 year old demographic . . . These combined equal over 20% unemployment. don't let the banks, the rich 1% and obama fool you, america is in the sxxt hole!!!! and, every 90 seconds it becomes another $1,000,000.000 more clear.
11 more days until december 12th - key date for the world!!!
Oh dung!!! Tomorrow is #$%$ reversal wednesday again!!! - never like being up going into wednesday!!!
Message to americans from the fed: get out their and spend & invest at the same time!!! we gave you qe, what else do you want? the fed to actually drop real money from the sky like whe did for the banks? i mean .... Really? you lower class americans ask for too much!!!
With today's reading on "consumer confidence", apparently consumers aren't drinking the same punch as the rich. we all know the rich didn't get rich by spending alot at macy's, right?
When i say the stock market "can't go down - i mean that it cannot go down" - impossible!!! the fed has made it their vendeta.
What the fed now hopes for is for banks to jump into stocks after cutting their excess rate , because we are running out of fuel for stoking the "saving amerera via capital gains for the irs" qe infinity campagn.