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Netflix Beat – Now Chill.
I suppose we'll have to see how things develop, as it's always dangerous to jump to conclusions, but Netflix's earnings beat certainly seems to bode well when it comes to making things "right" in the world after last week's harrowing bout of volatility.
Earlier on Tuesday, while documenting the extent to which the Growth-to-Value rotation and concurrent Momentum rout was starting to "go global" (as it were), I gently suggested that Netflix's report could be a make or break moment at a time when
is it 2018 or 1999? “hi Im nflx! i buy new subscribers at a cost of 2yrs+ of revenue, and have no profits, and burn $75million/day in cash. as you can see most investors feel im a good value at infinite times earnings, as they really enjoy the shows I present. there is no way any stock so popular as i can ever go down 90%. so dont worry, everyone knows stocks that go up in price are safe. Oh and please send more cash.”