"Recency bias is a cognitive bias that favors recent events over historic ones; a memory bias. Recency bias gives "greater importance to the most recent event", such as the final lawyer's closing argument a jury hears before being dismissed to deliberate." Source: Wiki If we are moving from low inflation to high inflation, maybe not all people are fully familiar how to make the transition. Are the execs at DIS too young to remember the 1970s? Or are the portfolio managers (mutual funds, etc) too young to remember the 1970s? This stock has been a leadership stock for decades. The stock rally is based on: 1) good disposable income, 2) net population growth, 3) and low fuel prices. How much downside? You decide.
%% LOL exactly\ best not to get in a fight with powerful gov, if one can help it\ best not to try to ruin parent's authority\ best not to slander hunters like old Bambi movie did\ best not to have stock price go negavtive ia good SPY bullmarket \YTD some dis bulls could ay ''well what do you expect inaSEPT sell off \LOL Sorry leadership for decades may not mean much with the above polar bears smacking it\ down\down. WHAT rally\2023?? Best not to get slammed\slammed by polar bears below 200dma if possible