And I’m thinking Nasdaq will go green any minute now..[/quote]
Should be some kind of temporary bottom. Now we get to see if there’s enough strength to get this thing back to new highs in the next 3-4 weeks. If it doesn’t you’ll see another big leg down.
Here’s hoping for the markets to stabilize before the last Fed meeting, so the Fed board won’t get any uppity ideas about extending QE3. Then after QE3 is put out of its misery … let us live in INTERESTING TIMES!
spd, New York and London are not just the financial capitals of their respective countries, but financial capitals of the world. Beginning with oil money decades ago, the money sloshing around the world is invested in NY, London, Singapore, HK, Dubai.
Try 25%. lol down over $100/sh. Would have been a good straddle play. Buy the puts and the calls just out of the money. Market wasn’t expecting that much volatility.
Can’t you buy a few shares A.H.? It did beat earnings, and the HBO direct-streaming deal isn’t huge yet due to customer inertia and other Netflix offerings.
-25% is an overreaction, and it might revert to something like -10% tomorrow.
FlyerInHI, IMHO, NY being a “financial capital” is actually a negative because it’s made NY’s economy less diverse than it was historically. It’s still pretty resilient due to foreign investment, people playing both sides of the markets, and controls on apartment purchase down payments (by condo/co-op boards), but it’s less diverse than it was 40-50 years ago. This makes it less resilient and I daresay less interesting.
[quote=spdrun]Can’t you buy a few shares A.H.? It did beat earnings, and the HBO direct-streaming deal isn’t huge yet due to customer inertia and other Netflix offerings.
-25% is an overreaction, and it might revert to something like -10% tomorrow.[/quote]
