JCP's Hypnotist fools Investors
J.C. Penney's (JCP) CEO Ron Johnson swayed traders into sending his company's share price higher on Friday despite a horrific earnings report. Prompting the Masters to question: could Ron be the greatest hypnotist that ever lived?
Ron the Hypnotist once worked at Apple Inc (AAPL), now he is running JCP. Unlike Apple Inc., J.C. Penny's does not sell or produce any magical iPads, iPhones, or iPods. Don't confuse the fact that Apple creates the most desirable electronics on the planet, JCP just sells the same shit you can buy at Wal-Mart and Macy's.
Look into the wheel and believe that J.C. Penny's will become the greatest retailer on the planet. They changed the company to just 'JCP' and added new colors with boxes to "help" shoppers. You are becoming very sleepy. Do not pay attention to the 23% drop in sales and 33% fall in internet sales last quarter. That's not important, just stare into the wheel below and enter the Twilight Zone with Ron Johnson.
Best of the Blogs
Scanning and identifying the best blog entries every hour
- Market Recap May 31, 2016 | FundMyMutualFund
- Frontrunning: May 31 | ZeroHedge
- UK To Stockpile Tanks, Heavy Equipment Close To Russia's Border | ZeroHedge
- The Solar Story Is Just Getting Started | Financial Sense
- Dow Dumps Into Red For May As Oil Fails To Hold $50 | ZeroHedge
- Case-Shiller Home Price Rise Beats Expectations By Most In 2 Years | ZeroHedge
- Peak Insanity: This "Trophy Apartment" In Manhattan Is Going For A Cool $250 Million | ZeroHedge
The most relevant financial news and articles from the Internets
- The antidote to China's debt addiction could make things worse | Business Insider
- If you’re sick of 'Game of Thrones' spoilers, this Chrome... | Business Insider
- Here's where people are relocating in the US | Business Insider
- The $14,000 Android “Rolls Royce of smartphones” just... | Business Insider
- The 7-step morning ritual that will help you stay happy all day | Business Insider
- This founder launched a $14,000 smartphone immediately after laying off... | Business Insider
- ... | Business Insider