Rite Aid Plummets on Forecasts; Pandora Continues a Remarkable Yearhttp://www.fool.com/investing/general/2013/12/19/rite-aid-plummets-on-forecasts-pandora-continues-i.aspx John Divine
December 19, 2013
Although we don't believe in timing the market or panicking over daily movements, we do like to keep an eye on market changes -- just in case they're material to our investing thesis.
Alright, folks. The glorious, bullish days of 2013 are slowly winding to a close, and a new year -- full of joy, fear, surprises, and disappointment -- awaits us. Before the ball drops, however, I'd like to make one solemn vow of my own on this very public forum, in the hopes that other investors might take my resolution to heart. I resolve to tune out, as best I can, the insufferable amount of noise surrounding each and every meeting of the Federal Reserve. I highly doubt that the Fed's gradual tapering process will cause financial tremors that send markets back to the dark ages of 2008-2009, so let's just prepare for a soft landing, and not worry so much about the pilot's job, shall we? We'll be at the gate soon enough. It just may take a few years to determine whether we've arrived in Honolulu or Cleveland. The Dow Jones Industrial Average (INDEX: ^DJI) added 11 points, or 0.1%, to end at 16,179 on Thursday, another all-time closing record.
As a company that boasts what is arguably the most impressive and diversified entertainment portfolio in this small world, it's only fitting that Walt Disney (NYSE: DIS) stock should play a big role in today's Dow performance. Disney shares tacked on 1.1%, good enough for the second-largest gain in the index, despite lower-than-average volume. With just a handful of full trading days left in the year, time is running out for last-minute portfolio adjustments. Aside from some end-of-year tax-driven money shifting, and barring an unexpected systemic catalyst before the end of December, Wall Street's just looking to re