I’m off to vacation for a few days, so I’m going to look at some “vacation” stocks today.
Before I get to those, however, I wanted to see if the market has shaken the August Bear. The answer is “no,” although at least it rose from the dead Thursday and Friday.
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In fact, the rebound may continue, but until we see new highs, I’ll assume this is nothing more than a “dead cat bounce.”
As for vacation, we’re traveling to Orlando and staying onsite. I like the fact that Disney (NYSE:DIS) provides everything, and I don’t have to think much during the time we’re there.
But, is the stock a buy right now? It certainly is in an ideal position.
I hate airline travel, but driving is out of the question. Therefore, it’s a quick flight (hopefully!) from DCA on US Airways (NYSE:LCC). They were the most direct, and cheapest, but I think the stock has more selling to do.
Back at you next week, rested and hopefully with a much more bullish market.