MARKETS,Anybody even yet?

[FAA]

Good news, Olds. An expert predicted that Disney will be sold in three years, which means it will pop. The current rumor is that Apple ($62B available cash) is a suitor.

[case]

Started accumulating Disney stock today around 80 dollars. DIS could drop to mid 70s and I will keep buying.

[olds442jetaway]

Dis is trying all kinds of things to make a comeback. Lots of it on today’s news. At this point, I am going to wait and see what happens. I could be wrong, but I think the market in general has about had it for the rest of this year. I have already lost about half on Disney. In hindsight, I should have dumped it in the 170s.

[FAA]

It’s like that sinking belated epiphany of having stayed on a machine too long. That Apple sale can’t come fast enough for you!

[olds442jetaway]

Case has more Faith in Dis than I do. Hope he is right for both of us.

[olds442jetaway]

I wish I could be wrong on my Market predictions. I should have sold off more. It looks like the Country is becoming more and more polarized not just in politics, but in wealth too. I think it is now 61 percent of Americans are living paycheck to paycheck. The absolute flood of illegals isn’t helping. I attribute part of the problem to people buying things they can’t afford and going more and more into debt.
I don’t think many people learn how to save money anymore by fixing broken things or doing their own maintenance. For instance, We grew up with almost nothing and I learned how to fix things at an early age. Not that it matters, but I have never bought a new lawn mower. My current one is a 1962 I rescued 40 years ago. Today, my immediate neighbor tossed out a nearly new Troy Built 21 inch self propelled mower just because a 10 dollar cable broke. I offered to fix it for him, but he just ran out and bought a new one and gave me the broken one. This mower is 785 bucks on line. I will have his going in no time. Also when I grew up there was no such thing as going into debt for 7 years for a car. Everyone seems to want all the latest bells and whistles today. I mean each to his/her own but don’t go into debt and pay 25 percent interest on a credit card. It is so bad now that people are maxing out their credit cards for necessities. Bankruptcies will soon follow. I am not one to judge people, but having 7 kids you can’t afford and with multiple deadbeat partners is no way to go either. There is a huge drain on the taxpayer now and more to follow unfortunately. It also doesn’t help that the media is so biased and your own Government lies to everyone on a daily basis about how good things are. The soft on crime approach is absolutely ridiculous and sad for the many victims. International tensions are very bad and one wrong move could end the world as we know it. So I will get off my soap box now, but the above are just some of the reasons I have no Faith in the Market coming back anytime soon. Again I hope I am wrong.

[TripleTriple]

Use it up
Wear it out
Make it do
Or do without

[olds442jetaway]

Great advice…..now good luck getting them to follow it!!

[FAA]

Good day. Two of the three markets gained and Dow only lost 0.2%, as did Disney at $79.90. It's a steal for newbies; bound for a 20% return in a couple of years. My TEL is at $120, a -6% paper loss.

[FAA]

Use it up, wear it out, make it do, or do without.
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That sounds like a saying from a prior generation. But it is timeless advice. I know that I must devise an austerity plan after another punishing casino trip crashed and burned.