As I iterated on today’s show: You need to watch Netflix™ earnings report and post “market” reaction for both signalling going forward, as well as confirmation signaling of my thesis regarding the fragility of said “markets.”
So here is the now “picture” that says far more than a thousand words. To wit:
The idea that Netflix is closing in on losing 50% of its market cap in less than two months based on all that has been told/sold across the mainstream business/financial media was once thought as impossible let alone improbable.
But those of you that have been listening to the show and reading my latest these past few months knew better, because the above is also known as “a receipt” for proof that not only was it possible – but more importantly – probable.
As I also said on today’s show: It’s going to be important to watch how the overnight session reacts to this.
As always, we shall see.
© 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.