Disney update

Prior post to Disney (DIS).  Same deal as the others, the shares have peaked and have entered a 18 month to 2 year collapse.  I'm putting these posts about stocks from a broad range of industries right next to each other so that people can come back in a year and see them all together easily.

The point of doing them at all is to educate people that stocks have no intrinsic worth unless they pay a dividend and 3% simply is not enough of a divvy to compensate people for the real risk that the shareprice will go down more than 3% per year, thus negating the value of your divvy to zero.  In fact, DIS is not down ~10% in just a few weeks.  I hope those luscious dividends (1% in the case of DIS) are worth holding this useless crap paper asset for.

The next time someone tries to equate value of a stock to the divvy in some direct fashion, please question them about how people will be compensated for their extreme risk that these paper assets will collapse.  By the way, American pensions and 401ks and insurance policies are backed by these "investments".  If you want to know where people's retirements went I'll tell you - they never had them in the first place.  They only had unkeepable promises from a bunch of con men running government and the federal reserve bank.  The whole thing is one big giant scam.