Why is a 147 point drop a big deal? That's less than 1.5%. With the Dow around 10,000 there should be dozens of 100-point-plus changes, both gains and losses, during the course of a year.
These recent drops have left Disney at $22 a share. I'm thinking of getting some of it at these prices. It's at a PE of 21 at the moment, which is VERY low for that stock (the past few years had it trading at a PE of 30 or more). Plus it has a dividend of 0.94% as well. At a PE of 21 I think it's a solid play. The real estate that Disney owns is incredibly valuable (and only one third of it's 35,000 acres is developed) and the value of the Disney trademarks is priceless. What do you stock-followers think of it?
These recent drops have left Disney at $22 a share. I'm thinking of getting some of it at these prices. It's at a PE of 21 at the moment, which is VERY low for that stock (the past few years had it trading at a PE of 30 or more). Plus it has a dividend of 0.94% as well. At a PE of 21 I think it's a solid play. The real estate that Disney owns is incredibly valuable (and only one third of it's 35,000 acres is developed) and the value of the Disney trademarks is priceless. What do you stock-followers think of it?
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by D2bets:
Nasdaq is at an 11-month low and Dow at an 8-month low. That's a big deal. <HR></BLOCKQUOTE>
Isn't that how it stocks work sometimes? Or is the stock market only supposed to go higher and higher?
Nasdaq is at an 11-month low and Dow at an 8-month low. That's a big deal. <HR></BLOCKQUOTE>
Isn't that how it stocks work sometimes? Or is the stock market only supposed to go higher and higher?
People are scared shitless Kerry might get in.
Thats scarier then having a terroist threat on Wall street...or its the same thing.
People don't want to have the capital gains tax
Marrige penalty tax or death tax brought back.So people are putting their money back into their mattresses so the goverment dosen't get at it for the 5th or 6th time.
Thats scarier then having a terroist threat on Wall street...or its the same thing.
People don't want to have the capital gains tax
Marrige penalty tax or death tax brought back.So people are putting their money back into their mattresses so the goverment dosen't get at it for the 5th or 6th time.
