you have said uninvestable. why? >> that's true. because i think when equity values get so small, a tiny move can cause big moves in the stock. there is optionality here, if the stock is $8 you have to believe it's going to $16 because i think it could still go to zero. >> let me play devil's advocate. there are a few positive things happening, right? the new ceo believes the turn-around will be complete by the end of the year. near term liquidity doesn't seem to be a concern anymore. online traffic is improving. aren't things on the way up? >> they are. i would agree with everything you said, mandy, but the question is it too little, too late. jc penney has a debt payment coming due in the third quarter of 2015. it is going to be very tight to see if they can make that unless things improve significantly, and so far, things are better but they are not significantly better. >> so from a balance sheet standpoint, are we beyond now the worries of liquidity and all of those issues that drove this stock lower and drove the credibility o

the thing that gives us confidence that the amount of money on the sidelines uninvested is relativelyarge. lou: you expect there to be a straight line move? >> of course not. you look what we're recommending, the typical recommendation is 57% in equities which is a lot. lou: there you have it. thank you very much, david. >> pleasure. thank you so much, lou. lou: reminder to listen to my financial reports three times a day on the salem radio network coast to coast for all the day's biggest market and business news. we're coming right back. stay with us. parents of students in successful charter schools in new york city suing the mayor. attorneys lis wiehl and mercedes colwin join us next. ♪ (announcer) scottrade knows our clients trade and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) ranke

the thing that gives us confidence that the amount of money on the sidelines uninvested is relatively large. lou: you expect there to be a straight line move? >> of course not. you look what we're recommending, the typical recommendation is 57% in equities which is a lot. lou: there you have it. thank you very much, david. >> pleasure. thank you so much, lou. lou: reminder to listen to my financial reports three times a day on the salem radio network coast to coast for all the day's biggest market and business news. we're coming right back. stay with us. parents of students in successful charter schools in new york city suing the mayor. attorneys lis wiehl and mercedes colwin join us next. ♪ ♪ [ male announcer ] how could switchgrass in argentina, change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with cfidence. request a prospectus or summary prosp

claimed it was interested in foreign investment yet did nearly everything possible to make the place uninvestablea new law expected to be approved saturday changing some of that. so instead of being forced into a joint venture with the government, foreign investors can supposedly own a business completely outright. huge change, remember, long ruling dictator fidel castro seized all businesses in the 1960s and had everyone work for the government, not themselves. taking a page out of the republican playbook, cuba lowers corporate taxes dramatically, from 30% to 15% and taxes on labor go away completely. this doesn't mean the money will pour in. first, no rule of law in cuba. no real property rights either. an invest hear no assurance of a clean, transparent judicial path to resolve contract disputes. those make up the bedrock of a good investing clilt. cuba desperately needs investment. when you see them there, seamstresses working on 1950s era singer sewing machines. regardless of what cuba says or does, americans are prohibited from doing business there in any way, shape or form. cuban governmen

we play the devil's advocate for a stock that our guest says is absolutely uninvestable.forward to a marguerita tonight but it is going to cost you because lime prices are doubling. all that sour news ahead. >>> let's begin with the

for a lot of investors, it is becoming underinvested ball -- uninvestable., they have fallen so far that some people are planning trips to russia to look at it. for a lot of our clients, they do not want to touch it. >> they better be prepared to wait. thank you so much. we are on the markets in 30 minutes. market makers is up next. >> live from bloomberg headquarters in new york, this is "market makers." with erik schatzker and stephanie ruhle. >> ukraine prime minister's pulling out of crimea. talking to bloomberg exclusively and we will have the latest. >> in china, hollywood heavy hitter jeffrey katzenberg is in shanghai announcing a $3 billion investment that will change the entertainment industry in china. hotseat. charlie byrd is new york's hottest restaurant. we will take you inside the room -- inside the kitchen. welcome to "market makers."

we've got four to $5 trillion of uninvested cash sitting in corporate accounts of american economies.ode becomes a pro-investment tax code and until we deal with the national debt. we need to expand our access to market. that includes, for example, selling energy abroad. we now have millions of people around the world that are driving cars and living in modern homes that want to and can afford to buy american energy. so you asked about keystone pipeline. not only should 2003 that, we need multiple pipelines around this country to get the production of oil and natural gas from the drilling site to the export or distribution site, and the good news is the government doesn't have to spend a penny on that. the private sector will build it if we remove some of the overlapping regulatory impediments to that. >> part of the overlapping problem is there is an administration right now in office who is not in to some of those pathways of energy that you just discussed. in fact, it's all the private sector that's brought us to the point now of almost being energy self-sufficient. how do you plan