CHRISTMAS SUCKED

The classic Wall Street bullshit parade is under way. JC Penney made the dramatic announcement that same store sales during the holiday period grew by a whole 3.7%. They grew by 3.1% last year. The previous year they FELL by an astounding 31%. This year also had an extra day versus last year.

So let me give you some perspective. If their sales were $100 in 2011 and they fell by 31% in 2012, rose by 3.1% in 2013, and rose by another 3.7% in 2014, that means they are now at $74. JC Penney’s holiday sales were still 26% lower than they were in 2011 and the Wall Street shysters jacked the stock up by 20% overnight. Think about that for a moment. They are celebrating results that leave them 26% below their sales level from four years ago.

Here is what the jackoff CEO from JC Penney did not reveal in his press release. What was the customer traffic increase? I’m sure most of the increase came from on-line business and pricing. He did not reveal the tremendous profits these sales will generate. You know why? Because JC Penny used huge promotions and discounts to achieve their mammoth 3.7% increase.

JC Penney will be reporting massive losses for the fourth quarter. The Wall Street shysters will have already sold after the 20% surge, because the stock will tank again.

The proof that Christmas sucked is revealed in the chart below. Checkout the 4th quarter of 2012. There were 14 retailers who announced their earnings would be less than expected and 12 who announced better than expected earnings. Look at this year. There have been 24 retailers announce WORSE earnings than expected and 3 better than expected. Does that sound like a great Christmas season?

This destroys the economic recovery meme sold to the public by Obama, Wall Street and the captured MSM media. Profits talk. If there really was a strong jobs recovery and the “tremendous” savings from gas price declines, consumers would be spending. The proof they are not is in the chart. Don’t believe the bullshit being heaped on you every day. Nothing but lies and propaganda.