javasaurus (![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png)
javasaurus) wrote2008-10-09 04:01 pm
javasaurus) wrote2008-10-09 04:01 pm
Now panic?
Dow closes down more than 600 points, ending less than 8700. It was at about 14000 one year ago.
GM is at 1950s levels (down more than 30% today).
Cedar Faire (they own Cedar Point, King's Island, King's Dominion, Knottsberry Farm, etc.) is down more than 20% for the day.
Edit: Dow closed down nearly 700 points, ending less than 8600.
GM is at 1950s levels (down more than 30% today).
Cedar Faire (they own Cedar Point, King's Island, King's Dominion, Knottsberry Farm, etc.) is down more than 20% for the day.
Edit: Dow closed down nearly 700 points, ending less than 8600.
no subject
They have great dividends.
Unless I'm greatly mistaken, they aren't as affected as other banks by the mortgage fiasco -- they were more careful in making loans, etc. Their price is being dragged down by the banking sector, not their internal problems.
BoA may also be good, and I'm sure there are other fine companies I didn't list. Because of my job, there are certain sectors I should not invest in, so I didn't mention anything from those.