As we wrote in our previous blog, while the external events have significant influence on the markets, they tend to be short-lived. The “real news” are in the earnings and we are witnessing the blood bath for one of the high flyers – Netflix (NFLX). The expectations of the growth for the number of subscribers (and thus the growth of the revenues) were nothing short but a pure fantasy. It seems that the entire world should be watching the movies only on the Netflix. It is indeed a remarkable service, but the stock has been up almost 100% YTD. It is now down 14% in aftermarket trading.