The fed is out of weapons. If it has to keep the punch bowl spiked with no end in sight, I don't see how you think that is a good thing for the economy. It badly needs to raise rates while it can, what better time than the decline in commodities.
But of course, you think DIS is a good investment here, so I don't understand your logic anyway.
The fed can't keep spiking the punch. That is the only reason why you have insanely wild valuations in the market like DIS at 100. Period.
And why wouldn't it? One earnings report disaster and this falls quicker than you can get the time to sell call from Jim Cramer. And the market is telling anyone who will listen that the days of increasing earnings for this company will be reversing soon. The market is always ahead of the economy. Ignore it, indeed buy more. The sooner the unsophisticated money is wiped out, the sooner recovery begins.
It will be time to buy. Not before then.
My favorite scene is where the people are told, "Get out! Get out, NOW!" Classic.
Your patience will be rewarded. A big market selloff today and Monday could be a blood bath as the Mr. and Mrs. Mainstreet will be sent into a panic by the louts at CBS, NBC and of course ABC..
The crazy thing is after the last few days, there are still no bargains to be found. I'm keeping my gunpowder dry. Just as the bull market extended much longer than it should have, so too will the selloff take come time to restore sanity to valuations.
I don't know anyone, not one person, who gives a #$%$ about another Star Wars retread. You watching too much ABC perhaps?
Need to suck in some more money to cause maximum pain. Hopefully DIS is buying back shares at the extended prices, nothing like an ugly balance sheet getting uglier.
Bagholders out in force on this one today.
Popularity means nothing when value starts to matter. And there's none of that here.
But, if I were you, I would buy more. Star Wars retread coming!