The Netflix Bubble—-They Just Keep Getting Stupider

Netflix (NASDAQ:NFLX) is in a giant bubble right now. I feel 100% confident making that assertion. The upside to owning the stock at this point is virtually nil. There’s almost a 0% chance the company could conceivably meet the market’s current valuation for it. Conversely, the downside risks are huge. In a pessimistic scenario, the stock could lose 80-90% of its value. Netflix is a great company. I can sing the praises of Reed Hastings all day long. As a stock, however, buying NFLX in March 2018 is insane…..