JC Penney reached a 35-year low today.  If you bought the stock in 1972 at its IPO you would be down over 55%.  Amazon?  Slightly different story: 

Amazon’s total return since it went public in 1997:  50,145%

JC Penney total return since Amazon went public:  -91%

Innovate or die.

Hat tip Charlie Bilello

– small caps continue to display a topping pattern.  Support 1350.

If 2017 is 1929, like many a ultra bearish analyst is predicting, the Dow Jones 30 Industrials would have to fall to 1989 levels wiping out 28 years of gains in the process:

If this scenario were to play out, a major bear market in equities would be the least of our worries.

Hat tip Michael Batnick

Read the whole thing:  www.theirrelevantinvestor.com

Short interest explained:  A short interest is the quantity of stock shares that investors have sold short but not yet covered or closed out. Short interest is a market-sentiment indicator that tells whether investors think a stock’s price is likely to fall. It can also be compared over time to examine changes in investor sentiment.  Investors use short interest to make predictions about the direction a particular stock is headed, and to measure the bullishness or bearishness of investors’ sentiment toward the market as a whole. Short interest can be expressed as a percentage by dividing the number of shares sold short by the total number of outstanding shares. For example, 3% short interest means 3% of the outstanding shares are held short. Short interest can be expressed as the number of shares sold short but not yet covered or closed out. Short interest data is widely and easily available online.