The latter is a massive short-squeeze -- far too many useful fools were short it into earnings, and now they're being forced to cover. Volume today thus far on Netflix is running above yesterday's pace, believe it or not.
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We are seeing the pattern of 2008 occurring right now. The market is on a side show now being realized. The realization was the fall like 2008, Basically rampant speculation that leads to realization.
Fundamentals matters. The market is climbing based on few variables. It is ignoring the slow down in manufacturing, the recession will make the market consider the fundamentals.
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