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September 01, 2020 1:29pm
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Monday Market Movement – Testing the Highs

Still lookin' good .             Only the Russell is dragging on the all-time high chase at about 5% off the mark.  We're well into the last half of earnings season now and it's less likely we'll be derailed by Corporate Reports and no one seems to mind another wave of Covid – it's amazing what people get used to.  Where I live in Florida (Palm Beach County) there are still no official mask mandates although, this weekend, we hit an all-time high for both new cases and hospitalizations.  I just got back from Disney and my report to our Members was: Well I'm back now and I'd love to tell you Disney is doing a bang-up job but really, how could they?  You walk into various rooms or caves with hundreds of people that thousands more people have recently been in and there's almost always a rail that is touched by most.  DIS has put up a lot of plastic walls to separate the lines as they wind around but they reach maybe 7 feet at most.   As of Thursday, masks are once again required indoors but not in the crowded restaurants (no distancing) and I do not see people wiping down the bars on the rides – so why bother at all if you're not going to do that?  DIS is a good company to watch as they care more than most about avoiding the kind of negative publicity that comes from killing your customers so we expect that, if things get bad – they will be one of the early ones to react.  Of course DIS is not shy about killing their customer's wallets.  When they kids were younger we used to stay at the resort and generally took the Disney Transportation everywhere, which is free but this time we came in a car and it's $30 to park at the resort AND the hotels!  Balloons are now $25!   Then I come home and read about how no one is worried about inflation?  Do these people ever leave the house???     IN PROGRESS    

Still lookin' good.  

     

Only the Russell is dragging on the all-time high chase at about 5% off the mark.  We're well into the last half of earnings season now and it's less likely we'll be derailed by Corporate Reports and no one seems to mind another wave of Covid – it's amazing what people get used to.  Where I live in Florida (Palm Beach County) there are still no official mask mandates although, this weekend, we hit an all-time high for both new cases and hospitalizations.  I just got back from Disney and my report to our Members was:

Well I'm back now and I'd love to tell you Disney is doing a bang-up job but really, how could they?  You walk into various rooms or caves with hundreds of people that thousands more people have recently been in and there's almost always a rail that is touched by most.  DIS has put up a lot of plastic walls to separate the lines as they wind around but they reach maybe 7 feet at most.

More Changes at Star Wars: Rise of the Resistance at Disney's Hollywood  Studios with Even Earlier Openings and the Return of Evening Extra Magic  Hours - easyWDW 

As of Thursday, masks are once again required indoors but not in the crowded restaurants (no distancing) and I do not see people wiping down the bars on the rides – so why bother at all if you're not going to do that? 

DIS is a good company to watch as they care more than most about avoiding the kind of negative publicity that comes from killing your customers so we expect that, if things get bad – they will be one of the early ones to react.  Of course DIS is not shy about killing their customer's wallets.  When they kids were younger we used to stay at the resort and generally took the Disney Transportation everywhere, which is free but this time we came in a car and it's $30 to park at the resort AND the hotels!  Balloons are now $25!  

Then I come home and read about how no one is worried about inflation?  Do these people ever leave the house???  

 

IN PROGRESS

 

 

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