I don’t know. Take a company like NFLX. The stock was selling at something like 100x forward earnings. Trees don’t grow to the sky. Basically, everyone in the U.S. and Europe who wants a NFLX account already has one. The company is spending like a drunken sailor on content—pouring out billions on mediocre shows from has-been actors, directors and politicians. Credit the devil where he’s due... Soros recognized a top in ridiculously over-hyped stock and got the hell out.
Is that around the time Obummer and wife went aboard the Netflix ship, because that would have made me sell, sell, sell.
I strongly believe that Schwartz/Soros is manipulating the market. Soon, I also believe officials will notice.
You’re probably right.