Americans got ripped off during the financial crisis. Right? Nope! That began decades earlier when financial wizards invented a myth called the "efficient market hypothesis" based on Burton Malkiel's Random Walk.
The breakdown of S&P 500 returns by sector is once again telling us something. This time the breakdown is confirming what the incoming economic data over the past several weeks has been saying all along: global economic growth is slowing.
What effect did the NASDAQ's market "glitch" have on the bungled Facebook IPO? According to the academically popular efficient market hypothesis (EMH) developed by Nobel-prize winning economists, the answer is none. But that is probably wrong.
Netflix has a good business model and has been well-run in the past. Perhaps they will recognize that as their market gets competitive, they will need to offer more, not less, in order to be the most competitive.