Earlier quoted context omitted.
I don't think it's that hard to beat the "smart money" provided you don't try to out-trade them.
Buying and holding low-cost index funds is one way to beat the "smart money."
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J.C. Penney’s troubles are reflected in satellite images of its parking lots
41–50 of 56 posts
Re: J.C. Penney’s troubles are reflected in satellite images of its parking lots
#42J.C. Penny's troubles are Target[1]: we have sufficently fashionable clothing for -10% less. [1]any fast fashion retailer really.
I personally feel sorry for people who need to buy their clothes at these places. But I guess they don't have other options? I am not sure how they live their lives.
Re: J.C. Penney’s troubles are reflected in satellite images of its parking lots
#43Oh no, not another graph with misleading axes. It doesn't really show such a perfect fit as it looks like. They've both scaled and translated the axes to make the two curves look similar to each other. If they counted cars upwards from 0 instead of downwards from the previous amount, then it'd make more sense but then we would see if the slopes were different or there was an offset indicating, for example, that cars…
Of course one of the axes has been scaled. We're interested in the proportionality between the two variables, to see how good their claim that cars parked is a good proxy measure for stock price. I see where "percent since arbitrary start time x" is a poor choice of units for cars, but since it's a linear transformation, you'd get the same picture (and conclusion) were you using "thousands of cars" instead.
Re: J.C. Penney’s troubles are reflected in satellite images of its parking lots
#44Earlier quoted context omitted.
Trolling, bro?
I was going for sarcasm. The slow steady death of Malls (the home of nearly all JC Penny stores) has been going on for over a decade now, and pretty much all of the articles I see about JC Penny's or Malls blame Amazon and people shopping from home for stuff. Given our current President's speech tonight and his preference for seeing things in an alternate light and his issues with estimating how full or how empty an…
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Re: J.C. Penney’s troubles are reflected in satellite images of its parking lots
#45yooge crowds, not huge . to all downvoters, just in case you missed, this was a parody on Trump. and pretty good one:)
I think most down-voters are quite aware of the parody. It's just that kind of humor is more apt for Reddit, not HN.
that kind of humour insulted you to the point of clicking the down vote button ? we need a bigger safe space...
Re: J.C. Penney’s troubles are reflected in satellite images of its parking lots
#46yooge crowds, not huge . to all downvoters, just in case you missed, this was a parody on Trump. and pretty good one:)
...and it contributes absolutely nothing to the conversation. Personally I find these parodies old and hackneyed.
Re: J.C. Penney’s troubles are reflected in satellite images of its parking lots
#47yooge crowds, not huge . to all downvoters, just in case you missed, this was a parody on Trump. and pretty good one:)
Please don't post unsubstantive comments, and please don't go on about downvotes. It breaks the HN guidelines: https://news.ycombinator.com/newsguidelines.html.
We detached this subthread from https://news.ycombinator.com/item?id=13759940 and marked it off-topic.
Re: J.C. Penney’s troubles are reflected in satellite images of its parking lots
#48There is a lot of this going on in Prague. There is even an entire specialty called geoinformatics that you can study. I have an aquantance who's first comercial project was to tell the city which street lights are out. This really goes to show, however, how the everyday man has no hope, as an investor, against the big boys. Edit: I origionally wanted to link to this startup https://spaceknow.com/ but couldn't rememb…
The everyday man should not be investing in individual stocks like this. They should be parking their money in low cost indexes[1]. [1] http://seekingalpha.com/article/4049862-investment-advice-wa...
There have been lot of talks that index funds are not what they used to :). The reason stock goes high or low is because there is asymmetry in demand and supply. Previously, some people intelligently bought average stock noticing that average always go up high over long run. However, imagine a world where everyone is always buying average of all stocks. Now there is no longer asymmetry and no longer profits for people who settled for average. So as everyone move towards low cost index funds, they receive diminishing returns.
Re: J.C. Penney’s troubles are reflected in satellite images of its parking lots
#49This is a little off topic, but did anyone else see the absolutely huge ad in the middle of the article? It takes up 670px in a window that's only 960px tall. Is this a new trend in advertising?
I was looking at the big empty parking lot, didn't notice a huge Fnord.
Re: J.C. Penney’s troubles are reflected in satellite images of its parking lots
#50Oh no, not another graph with misleading axes. It doesn't really show such a perfect fit as it looks like. They've both scaled and translated the axes to make the two curves look similar to each other. If they counted cars upwards from 0 instead of downwards from the previous amount, then it'd make more sense but then we would see if the slopes were different or there was an offset indicating, for example, that cars…
Of course one of the axes has been scaled. We're interested in the proportionality between the two variables, to see how good their claim that cars parked is a good proxy measure for stock price. I see where "percent since arbitrary start time x" is a poor choice of units for cars, but since it's a linear transformation, you'd get the same picture (and conclusion) were you using "thousands of cars" instead.
I disagree that it shows proportionality. Since we don't know where the zero would be with "thousands of cars", it could be way off the bottom of the chart, which means car numbers are relatively constant, even as stock price falls to a few percent of it's starting value.
The graph does show that both variables are decreasing, and that they both have a knee in the middle where the rate slows. But that's about all they clearly have in common.
An yes, scaling is of course necessary. It's translating that's the problem. I shouldn't have said scaling in my first post.