FANG Stocks Soar To New Record High As NFLX Spikes 14% (To 101x Fwd P/E)

Writer at ZeroHedge • Jul 18, 2017 at 1:21 PM EDT

Nasdaq remains the only major index in the green today and there's one big fat ugly cash-burning reason. Netflix is up 14% - tearing the faces off of every short-seller.

As goes Netflix, so goes 'Murica...

Nasdaq remains the only major index in the green today and there's one big fat ugly cash-burning reason. Netflix is up 14% - tearing the faces off of every short-seller (6.2% of float short)...

And NFLX has single-handedly ripped FANG stocks to a new record high - dismissing the 'tech wreck' tumble completely...

Since the tech-wreck, GOOGL remains lower, AMZN just broke even, FB is holding up well, and NFLX is exploding...

Ignore this...

And ignore this too...

It's different this time, silly!

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