Wednesday, September 17, 2008

Give It Up for Disney

Wow...

What a mess!  The market's are reeling, stocks are taking a beating and my 401(k) looks like pounded group round . . .

But Disney's stock?  Holding just fine, thank you very much.  After three days of market pounding with over 1000 points off the Dow, Disney share are still trading in a tight dollar range from $32 to $33.

That's just phenomenal folks.  Almost unbelievable.  Even more so for those of you who are finance or market stock pickers, since Disney has a Beta of .96 (which basically means the stock almost moves in unison with the market, in general).

Props to the folks at Disney for hanging tough.

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