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(Dallas News)   S&P 500 decides that they will no longer trade Penney stocks   (dallasnews.com) divider line 18
    More: Fail, J.C. Penney, market value  
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1533 clicks; posted to Business » on 24 Nov 2013 at 10:49 AM (20 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



18 Comments   (+0 »)
   
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2013-11-24 11:02:47 AM
You could strap magnets to Mr. Penny's corpse and power the whole of N. America.
 
2013-11-24 11:07:02 AM
If these indexes are allowed to cherry-pick their stocks, how can they be an accurate reflection of the economy?
 
2013-11-24 11:28:19 AM
Someone better tell Johnny there may be no more sales at Penny's.

\good luck with that, we're counting on you
 
2013-11-24 12:13:45 PM
I have a Penney gift card here. I should probably get rid of it soon.
 
2013-11-24 12:39:06 PM

SilverStag: If these indexes are allowed to cherry-pick their stocks, how can they be an accurate reflection of the economy?


serious? they aren't intended to do so to begin with. that is not their job, position or intention
 
2013-11-24 01:18:38 PM

KrispyKritter: SilverStag: If these indexes are allowed to cherry-pick their stocks, how can they be an accurate reflection of the economy?

serious? they aren't intended to do so to begin with. that is not their job, position or intention


And even if that were their intention, keeping a company that is failing and being replaced by competitors not on the index wouldn't accurate reflect the economy either.

It's like complaining that Enron is no longer included in indexes.
 
2013-11-24 01:57:09 PM

KrispyKritter: SilverStag: If these indexes are allowed to cherry-pick their stocks, how can they be an accurate reflection of the economy?

serious? they aren't intended to do so to begin with. that is not their job, position or intention


The S&P 500 is supposed to be the largest 500 stocks by market cap. That does reflect the economy, or at least the stock market.

A stock that is on the margin of being too small to include may require a judgement call, but it's not really "cherry picking". When a stock goes down and stays down, it isn't going to stay in the index.
 
2013-11-24 02:34:42 PM
Time to buy.  From my experience, the indexes always wait until the stock has bottomed before booting them.
 
2013-11-24 06:41:35 PM

StrikitRich: Time to buy.  From my experience, the indexes always wait until the stock has bottomed before booting them.


Your first sentence is wrong even though the second seems like it is true in hindsight. That's because the stocks that go to zero aren't around any more, so you never notice that they didn't rebound.
 
2013-11-24 07:06:28 PM
There's a sale at Penneys!
 
2013-11-24 09:48:00 PM
There's a FAIL at Penney's!
 
2013-11-24 11:26:55 PM

SilverStag: If these indexes are allowed to cherry-pick their stocks, how can they be an accurate reflection of the economy?


^^^^^ THIS ^^^^^

Came to say, happy to see it.
 
2013-11-24 11:50:42 PM
zoom.jcpenney.com
/hot Pink Sheet Sale
 
2013-11-25 03:27:07 AM

StrikitRich: Time to buy.  From my experience, the indexes always wait until the stock has bottomed before booting them.


I wouldn't risk a dime on JCP
 
2013-11-25 08:30:14 AM

bemused outsider: SilverStag: If these indexes are allowed to cherry-pick their stocks, how can they be an accurate reflection of the economy?

^^^^^ THIS ^^^^^

Came to say, happy to see it.


Because you're ignorant?
 
2013-11-25 09:09:01 AM
The decline of the mall is directly proportionate to decline of Americans overall standard of living.
The old hierarchy->
Bloomindales, Saks Fifth  etc.  -> The actually wealthy shop here.
Macy's -> The poor who like to pretend they are rich shop here.
JC Penny's was solid middle of the road middle class mom shopped here.
Target is the same damn thing wal-mart but for people who don't want to be seen wal mart (lower middle class)
Wal-Mart is solid working poor. They are the company store 21st century.

Since we gutted the middle class, automated and exported most of the middle class jobs some one had to go. Target and Macy's shouldn't get too comfortable if the trend continues. Wal-Mart has such overhead and costs from the seize of just maintaining it's big box empire it may have hard time in years ahead.
 
2013-11-25 11:41:26 AM

bemused outsider: SilverStag: If these indexes are allowed to cherry-pick their stocks, how can they be an accurate reflection of the economy?

^^^^^ THIS ^^^^^

Came to say, happy to see it.


You're not particularly educated on the concept of a stock index, are you?  Especially the S&P, it appears.
 
2013-11-25 12:28:08 PM

Franco: The decline of the mall is directly proportionate to decline of Americans overall standard of living.
The old hierarchy->
Bloomindales, Saks Fifth  etc.  -> The actually wealthy shop here.
Macy's -> The poor who like to pretend they are rich shop here.
JC Penny's was solid middle of the road middle class mom shopped here.
Target is the same damn thing wal-mart but for people who don't want to be seen wal mart (lower middle class)
Wal-Mart is solid working poor. They are the company store 21st century.

Since we gutted the middle class, automated and exported most of the middle class jobs some one had to go. Target and Macy's shouldn't get too comfortable if the trend continues. Wal-Mart has such overhead and costs from the seize of just maintaining it's big box empire it may have hard time in years ahead.


BS on Target being the same as Wal-Mart. Target is way more hot-mommier.
 
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