+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

This outrageous chart of Netflix compared to a gold miner says it all

Jul 24, 2015, 17:03 IST

This is brutal.

Advertisement

Michael Hartnett at Bank of America Merrill Lynch is one of the more creative strategists on Wall Street when it comes to finding ways to illustrate some of the more pervasive investing themes going on in markets.

And so in a note to clients on Thursday, Hartnett presented the following chart comparing shares of Netflix to shares of AngloGold, a large gold mining company that has seen shares get crushed along with the price of gold.

Year-to-date, Netflix is up about 120%. AngloGold, meanwhile, is down about 60% as the price of has collapsed.

And when you compare Netflix against AngloGold, you see, well, something dramatic.

Advertisement

This chart might say nothing. But then again, it might say everything.

BAML

You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article