Stocks are mildly lower, in a rather drab and drama less beginning to the trading week. The big outlier is iron ore and steel stocks, whose share are currently at the vanguard of speculative fervor, following an astounding and record setting 19% jump in prices.
Surely this has more to do with short covering than fundamental improvements. Nevertheless, the share prices of VALE, CLF, AKS, and many others in the space, are soaring.
The one notable pullback, at least in the early going, is NFLX. House of Cards made the online movie vendor, drawing huge numbers of streaming subscribers to see the praised Kevin Spacey series. Although the IMDB scores are high for season 4, I’ve never seen so much criticism for the series to date.
As such, weakness has permeated the offices of Frank Underwood and the Netflix share price.
The NASDAQ is off by 25 or so points early going.
The momemtum is definitely with the bulls. I wouldn’t be surprised to see the market reverse higher, although I don’t think it’s warranted.
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SDOC lolz
i made two more sales because i am not greedy. WE LIT
HOC might be running out of energy. Seems like more of the same. Saw 6 episodes this weekend.
Not a spoiler, i promise:
I loved the first six episodes. The next two are a bit far fetched. I am up to episode 8.
Having said that, I sold all my NFLX at 97 ish