Tuesday, October 25, 2011

No comeback today...

Stocks continued to drift lower as the day wore on, basically giving back the gains from the last two sessions.

Dow -207
Nas -61
S&P -25 to 1229

Amazon.com misses earnings and is down another 33 points after the bell.  The market is getting dangerous again.  It certainly has not be worth holding stocks for their earnings reports.

As far as Netflix goes, it closed down over 41 points to 77 and change.  OK, I get it, the stock was overpriced, but now I think it is looking underpriced and should probably be bought. I doubt Netflix is going away any time soon.

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