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Is a Recession Bullish For Tech Stocks? (EP.248)
Animal Spirits Podcast
Introduction
Net flicks is in a 50 % drawdown. It's deepest since i shorted the stock. That was my best trade ever, actually. I like 20 x my money. The average net flick hit disappears after two weeks or less. So the amount of money that they have to spend competing for viewers eyeballs is beyond astronomical.
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