So Netflix crapped the bed, sending stocks down to levels not seen since a day ago. But if we believe the narrative, the market is at these levels because of earnings. OK.

Anyway, look at the algos in charge. It's amazing. One oscillation from $85 to $86.5 an hour after open, then a smaller oscillation, then it stays within a few cents for the last 4.5 hours, as if being down 13.8% on the day is *exactly* the price all of the investors in the market have suddenly decided is the correct value for it.

finance.yahoo.com/chart/NFLX