White Cars, Netflix, And The Roaring '20s: A Social Mood Alert

This Netflix action yesterday feels like a "light switch" moment, as if someone suddenly turned out the lights. It feels a lot like the day Bitcoin suddenly blew up. It feels like a social mood moment -- a change in mood.

After Bitcoin imploded back in April, the S&P went from 1597 to 1536, a 3.8% decline. The same move now would take us below 1700. Something to be aware of if you're long.

Yesterday's reverberations were widespread and do not support the argument that NFLX simply had a bad day.

China’s benchmark money-market rate jumped the most since July as its central bank refrained from further stimulus.

Stocks in Europe broke the longest rally in 40 months.

The yen got stronger. The Nikkei fell hard.

Copper and oil plunged.

This is not due to some newfangled video company. This is what happens when social mood begins to shift from confidence to concern.

Unless 1646.47 breaks, however, 1778 is still the next Fib extension target, but the VIX is starting to show signs that upside speculation may best be achieved using options for the least risk.

There is now chatter that the Fed may not taper at all. Prepare for the day when enough traders and investors realize that the Fed is completely screwed.

Another sign that mood is changing: the most popular car color has changed.

Favorite car color: Find out what replaced silver in 2013

It's no longer silver. It's white. I'm not sure I know what this means. But doesn't a white flag mean surrender? Are people surrendering to the idea of a new bull market? Or, are they surrendering their fear of the previous bear market?

Marketwatch may have given the answer this morning. This was the headline:

Place your bets.