As I was stating on today’s show, it’s imperative to understand the complete context as to where these “markets” (and so much more) currently are. To emphasize some of my earlier assertions, I use for today’s example (the other day’s was Amazon™) none other than what has now been claimed the undisputed “king” of all streaming content: Netflix™.
Again, using the same question for context as I did for the prior…
Please square this circle: If the economy is doing as well as it is reported; if online streaming has now all but decimated traditional viewing and will continue into the future as viewership has moved to online services as the default for most; and since we’re now entering that time of even more seclusion at home, indoors (e.g., winter) – then tell me why the undisputed “king” of all streaming is now worth less than it was then, now one year later? To wit:
Hint: the clue can be found both in the bottom text, as well as the top.
Funny how that is, yes?
But then again, what do I know.
© 2022 Mark St.Cyr
Note: This is not trading or investing advice of any sort. This commentary is for “big picture” discussion purposes only. Please read, or re-read the “About This Site” page for any questions or clarifications.