It clear that people enjoy the Ichan versus Ackman saga…and for the record I think Ichan is playing a more dangerous game than Ackman. Trading done in contempt always results in disasters that pale compared to what one may gain at some point. However, there is much more competition than the J.C. Penny Ichan/Acman story. Its about time that people start realizing that while the has to be an execution problem at Penny, there is a bigger one at U.S. Penny - a totally tapped out, weak, tired and creditless consumer who does not trust the economy or the government and does not want to buy more than he needs from Walmart, Target, J.C. Penny, Sears or Amazon for that matter. Its really quite hard for me to imagine that Ben BURNanke actually thought that his leveraging of risk assets would accomplish anything but increasing wealth for bankers and the already wealthy and some illusionary balance sheet improvement for banks or statistical data upon which he likes to contrive his support of his conflicts of interest for his Fed stakeholder banks. And that again blows me away, how is it legal that a bank can be a shareholder of the Fed? That just seems wrong, wrong, wrong…but it is always ignored and certainly protects the banks agendas as opposed to the J.C. Penny shopper’s agenda.
I use Multicharts Charting and Backtesting Software.
I post high resolution charts made with Multicharts and Adobe Illustrator. Click on chart for a more detailled view.
If you do wish to contact me or have any questions you can do so at email@example.com
Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s). The author may or may not have a position in any company or advertiser referenced above. Any action that you take as a result of information, analysis, or advertisement on this site is ultimately your responsibility. Consult your investment adviser before making any investment decisions.