I disappointed my throngs of long time admirers when "misunderestimating" the exuberance of this market in my blockbuster masterpiece "Get ready for the big one" but as you can see from this NY Times blog and this Business Insider piece, there are still plenty of wonky experts who agree with me.  Only time will tell, as that coverage has a few more weeks to go.

$NFLX on the other hand, has pulled back from a high of over 209,000.00 all the way down to 1.89 (give or take a few orders of magnitude) and so I have no reason to believe it won't continue the downward spiral until it reaches a more modest valuation in the $8 billion range.  Proponents of the purveyor of dollar store quality entertainment at 13-dollar store prices would argue that this holiday season will bring a huge windfall for Netflix as their popularity soars.  Its popularity and advertising prowess cannot be denied.  However, before Netflix could even a seize a dominant share of the streaming video market, it has found itself, predictably, up against stiff competition from other content providers.  Namely cable companies.   And we saw what they did to $TIVO, even after the DVR pioneer had established a virtual monopoly on the DVR market for a few years.

It's still possible that $NFLX's extensive customer base, library of shitty 80's B movies, and grainy dialup-like streaming quality will attract a buyer at an absurd price in the tens of billions.  More likely, though, it seems that most potential acquirers have a sizable chunk of $NFLX's existing customers already (hence the headline of this article), not to mention more pull with movie studios and other content owners.