A FOOL AND HIS MONEY ARE SOON DEPARTED

"Nowhere is this situation more egregious than at Netflix (NFLX), where the company bought back its own shares at ridiculously high prices. Over the last year and a half or so, Netflix has traded with a P/E of between 60 and 90. Despite this, those in charge thought it made sense to spend not some, but all of the corporation's earnings on share buybacks. In the last 1.5 years, Netflix has earned $290 million; it spent $305 million on buybacks over this same period!"

Or is this a story on how you can SCREW up a great dominant business? I canceled half my NFLX service when rate change was announced, so did anyone else I know and many exited altogether....now RUMOR is buyout! haaaa as the prie is 1/3 almost what it was....shorts were WRONG until finally right.

TRANSPORTS are at NEW LOW for move, SPX 1100 is line drawn in sand.....FED says "significant risks to economy" so what will they do? they will sell short term treasuries andbuy longer dated one!!! to??? LOWER interest rates MORE????? a 4% mortgage not low enough? SAVERS? if they BENDOVER anymore they will break in half!

JOBS JOBS says Dem's? TAX TAX and spend on roads....bleep me!!! I HAVE been warning for months, there is AMPLE warning and proof....the ugly BEAR MKT has returned and that can't be good for stock values.....but great news for those who pared exposure and RAISED cash to buy at appropriate time some good long term values.

The avg dude will have sworn off stocks for a lifetime, just at the time maybe they are best values in lifetime, should this POS collapse....that's how it works friends...you don't make bottoms on hope...you make tops. You don't make tops on fear, you make bottoms....let us hope the bear doesn't want to revisit SPX lows of 666

D