Thursday, October 16, 2014

YOGI BERRA said it:  "Nobody Goes There Anymore.  It's Too Crowded."  A statement that could be appropriate when looking at stocks.  This morning shares of Netflix will open down about 24% or so.  Netflix a darling of many, especially those who like the service for themselves.  Same goes for other popular stocks, the ones constantly talked about on CNBmute.  You know the ones:  the $75,000 car that can go 200 miles before needing a charge;  the camera you mount on your head while surfboarding or climbing a mountain;  the machine that makes soda in the home;  the company selling books and everything else but doesn't care about profits.  The list goes on and on but it always becomes clear:  profits or more important than popularity.

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