Netflix: The Dangers of Fundamental Investing

The much dreaded earnings season is getting off to a better start than most were expecting. Of course, there have been some stocks that have disappointed as the Bank of America (BAC) missed on revenues and the stock dropped over 1%. The rally Wednesday was broadly based as the NYSE Composite broke out above last July's highs. So far, this has gotten little attention from the financial press. As I commented yesterday, this is consistent with the number of new highs in the NYSE A/D line and the S&...