Netflix is a really hard company to predict. There was a big guide down, and a lot of people came out and shorted the stock. But now a whole bunch of people are saying that the company is back, and those people had to cover their shorts.

It is just impossible to tell what is going to happen with this stock. It just isn’t a traditional stock. It’s a plaything. But it is fascinating. The conference call is a must read.

But everyone is now wise to the Netflix model.

Amazon is going higher here, and they are a great company. But you cannot buy Amazon if you think they are going to have a great quarter, because they aren’t. They guided very low so that they can beat it. When the numbers come out, people are going to be disappointed.

This is still a decent market, and there are a lot of things still working. There will be a lot of money coming out of Treasuries, and that also should help this market.