The Bubble Index: JCP – November 18, 2013

Pictured below are some graphs of The Bubble Index ran on JCPenny’s stock, ticker JCP. As can be seen from the high levels of the index it appears that JCPenny’s stock price has been the result of massive bubble formation. However, looking at the stock price for the past few years, it seems to be the opposite of a bubble — herding behavior on the sell side.