Good Lord………….

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The big earnings event on Thursday afternoon was Netflix, and although it had a brief heart attack (in red, below) generally speaking the stock was heading lower, which is precisely what I guessed based on no particular reason.

Now that earnings season is back, we can start to anticipate some of the more notable reports. This afternoon comes Netflix (NFLX). What I’ve done with the chart below is tinted the aftermath of prior earnings reports. On the whole, the stock goes up for weeks afterward (yellow) although there was a single exception (magenta). I have absolutely no position in NFLX, but my completely stupid, baseless hunch is that the stock will surprise everyone to the downside. Let’s see!

Disney lost 60% of its value from its lifetime high to last autumn. That’s a pretty shocking fall for such a large, well-known company. Since then, it has recovered by going up 50%, but my view is that this recovery is done.
