Frustrated with the NYSE hyper reactions.

[Tahuyaman]

The wild swings of the stock market based of the news of the second are getting frustrating. The market can open with a nice rally and then tank after Andrew Cuomo’s daily briefing.

These guys overreact over everything.

[Cotton1]

As you know, fear and greed are the dominate theme in the markets. There are a massive amount of sell stops and buy stops and one "stop" runs another. The VIX is ridiculously high. Amateur day traders are getting slaughtered.

[Newpublius]

The wild swings of the stock market based of the news of the second are getting frustrating. The market can open with a nice rally and then tank after Andrew Cuomo’s daily briefing.

These guys overreact over everything.

What's Walt Disney World worth....TODAY?

Disney as a stock has many other aspects to it, but any business where customers need to be within 6' of other people for decent amounts of time, obviously they have a problem.

Anything on the market is really just the NPV of the future expected cash flows.

So let's say that I have a surefire cure and I say, "We have a cure and it will be available in 60 days EXACTLY"

Now on day 30 I say, "Sorry, I still have the cure, but due to a disaster it won't be available until day 300"

That's 230 days and the impact of those 230 days on NPV is pretty large actually.

The reason why we have such massive volatility is because corona is impacting near term 'Year 0' cash flows which, when computing net present value are the cash flows that count the most.

[Cotton1]

Disney still has an excellent cash flow. It trades about twice its book but with their overall holdings and generous cash flow thats understandable.

[Newpublius]

Disney still has an excellent cash flow. It trades about twice its book but with their overall holdings and generous cash flow thats understandable.

They have other business segments not reliant on people being so close to each other. In fact I would suggest something like Disney+ might be doing better than it would otherwise.

Check out Six Flags stock right now.....

[Cotton1]

They have other business segments not reliant on people being so close to each other. In fact I would suggest something like Disney+ might be doing better than it would otherwise.

Check out Six Flags stock right now.....

Oh yea. Disney + is probably gangbusters right now. As for Six Flags? Terrible.

[Newpublius]

Oh yea. Disney + is probably gangbusters right now. As for Six Flags? Terrible.

Indeed and if I said to you, as a GIVEN, "I have a surefire cure it will be available to anybody for $1 tomorrow" -- that would be awesome....now let's say I say, "I have a surefire cure availble in 300 days time" -- also pretty awesome, but still that 300 days would lead to a pretty big swing in NPV.

[Cotton1]

Indeed and if I said to you, as a GIVEN, "I have a surefire cure it will be available to anybody for $1 tomorrow" -- that would be awesome....now let's say I say, "I have a surefire cure availble in 300 days time" -- also pretty awesome, but still that 300 days would lead to a pretty big swing in NPV.

Of course it would.