If you're such a smart guy (and apparently you had the exact price movement in JCPenney over the past few months mapped out before it happened), and you want to catch JPM for a bounce, feel free. But don't mix JPM in with WMT. As the last 2 weeks have made clear, banks are black boxes even to the guys running them.
We can have a pretty good (not exact) idea of what WMT is going to earn this year, the next, and years down the road. We know how much cash it will throw off, what the divvie will be, what the buybacks will be. It's really pretty simply math. What we don't know is what price Mr. Market puts on the stock (hopefully lower as this won't affect earnings).
Who knows what JPM will earn and whether those earnings are even true economic earnings and not just accounting entries. Jamie Dimon doesn't have a clue. How do you?
We can have a pretty good (not exact) idea of what WMT is going to earn this year, the next, and years down the road. We know how much cash it will throw off, what the divvie will be, what the buybacks will be. It's really pretty simply math. What we don't know is what price Mr. Market puts on the stock (hopefully lower as this won't affect earnings).
Who knows what JPM will earn and whether those earnings are even true economic earnings and not just accounting entries. Jamie Dimon doesn't have a clue. How do you?