Another major market bell-weather, Disney (ticker DIS), just reported terrible earnings, missing on both top (revenue) and bottom (profit) lines.  While Cisco is an indicator of the health of the technological infrastructure segment of the market, Disney reflects the strength of discretionary consumer spending.  The stock, while holding up much better than Cisco, is down significantly in after-market trading (at the moment -- the situation is highly volatile).

My commentary here is identical to my earlier commentary on Cisco.  Stocks are a terrible investment.  Stick with wealth-preservation strategies.

Posted by: Hermit Dave at 01:12 PM | No Comments | Add Comment
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