You’ve seen this movie…

A spaceship drifts too close to a black hole. Light bends. Time warps. Weird things happen. Then it crosses the event horizon (the point of no return)… and vanishes.

That’s where I believe we are in this bull market, right now.

16 years of easy money, insane gains and tech billionaires richer than God have created a gaping black hole of risk.

Now we’re past the safe zone, approaching the event horizon… the last wild rush before the immutable laws of the universe rip the whole thing apart. Don’t just take my word for it.

MarketWatch says the rally’s “moving more toward melt-up mode.” 

Contrarian macrostrategist David Hunter believes the S&P could be headed for a parabolic 8000, before a brutal 80% drop.

Even Ray Dalio (a man who’s tracked 500 years of debt cycles) warns the U.S. is heading into “very, very dark times.”

Is your portfolio equipped to survive such a wild ride?

Honestly, probably not. There’s a good chance you’ll get dragged into the abyss, just like millions of others. 

And don’t look to Washington to ride to your rescue. It’s too late for that. We were promised a big fix, but it never arrived.

Instead, the debts are bigger, the deficit is fatter, and core inflation is ever higher. 

This market’s like a house with fresh paint and termites chewing through the foundations… it looks strong from the street with stocks at all-time highs, but beneath the surface it’s been hollowed out. 

Analyst Michael Lebowitz sees “striking similarities to the dot-com melt-up of 1999” and so do I. 

Back then, rate cuts acted like fuel on an already raging fire… predictably, the market got too hot and flamed out:

It’s happening all over again. President Trump and Scott Bessent have pressured the Fed into cutting rates, with more to come. 

But history tells us that by the time desperate cuts arrive, the damage is already done. The bubble is too big. Too unstoppable. And the outcome, in my view, is inevitable.

I don’t say that as a casual observer.

For nearly 30 years I’ve built a career helping regular investors prepare for dramatic shifts in the financial system… calling Fannie and Freddie’s implosion, America’s lost AAA credit rating and the Covid inflation shock long before the headlines.

And now, I’m doing everything I can to prepare you for the coming breaking point. Most folks will be left holding the bag, loaded up on the wrong stocks at the wrong time. 

That doesn’t have to be your story. 

In this recent broadcast, I’ll show you: 

• Why the most dangerous flaw in America’s financial system has reached a point of no return

• How Trump’s recent actions are accelerating the coming crisis
  
• And what I believe you must do now to avoid the worst of it – and potentially even profit from the shift
  

I also name three investments you can make today… assets that could see a huge influx of capital when this situation escalates. 

This might be your final chance to prepare before we cross the event horizon.

Let me show you exactly what to do. 

Good investing,

Porter Stansberry 

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Just For You

Is Netflix Making a Calculated Play for the Dow Jones?

Written by Jeffrey Neal Johnson. Published 11/29/2025. 

In mid-November, Netflix (NASDAQ: NFLX) shares began trading at a new, more accessible price after a 10-for-1 stock split . While the move instantly made Netflix’s stock more affordable for a broader range of investors, it also sparked speculation across institutional trading desks. Bringing the share price down from over $1,000 to roughly $107 was more than a cosmetic adjustment; it may have been a calculated signal of the company’s ambition to join the ranks of Wall Street’s most established industrial titans.

With a market capitalization near $455 billion, Netflix already has the scale of a blue-chip company. Yet its previously high share price made it an outlier. Now trading around $107.47 per share, the entertainment-sector streaming pioneer is signaling that it is prepared for a new role on Wall Street’s biggest stage. This strategic repricing could be a deliberate audition for a coveted spot in the Dow Jones Industrial Average (DJIA).

The Price-Weighted Puzzle: Netflix’s Key to the Club

To understand why the split matters, it helps to know how the Dow works. Unlike the S&P 500, which is weighted by market capitalization, the Dow is a price-weighted index. In other words, a stock’s share price — not its total size — determines its influence on the index. A $1 move in a $200 stock, for example, has twice the impact on the Dow as a $1 move in a $100 stock.

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Key Points

• The recent stock split removed the primary mathematical barrier that had previously prevented Netflix from being considered for the price-weighted Dow Jones Industrial Average.
• The company’s impressive free cash flow and consistent profitability demonstrate its successful transition into a financially mature and stable enterprise.
• Potential inclusion in the Dow would trigger automatic buying from index funds and cement the stock’s status as a long-term, blue-chip core holding.

That structure created a practical barrier for Netflix. A stock trading at $1,000 or more would have an outsized effect, skewing the index and making inclusion impractical. The 10-for-1 split addresses that problem: at its current price, Netflix would fit comfortably among the 30 members. By aligning its share price with the index’s norms, Netflix has effectively removed a key obstacle to being considered for admission.

The Blue-Chip Transformation: Netflix’s Financial Graduation

A suitable share price is necessary for Dow consideration, but it isn’t sufficient on its own. The selection committee also favors companies that demonstrate financial stability and industry leadership. For years, Netflix was the quintessential growth company, investing heavily to acquire subscribers. That phase appears to be over. The company has moved into a self-sustaining, profitable model — a hallmark of a Dow component.

The financial evidence for this shift is notable:

• Strong free cash flow: Netflix is on track to generate roughly $9 billion in free cash flow in 2025. Free cash flow — the cash remaining after expenses — funds new content, debt reduction, and share repurchases without additional borrowing, signaling financial independence.
• Consistent profitability: The company reported $3.25 billion in operating income in the third quarter of 2025. A one-time, $619 million tax charge in Brazil trimmed operating margins, but excluding that item the business outperformed profitability expectations.
• Diversified revenue engine: Netflix’s financial health is no longer tied solely to subscriber growth. Its ad-supported tier is on track to double revenue in 2025 and is now powered by Netflix’s own ad-technology platform. That diversification creates a more predictable, resilient business model — another blue-chip trait.

Musical Chairs on Wall Street: Netflix Eyes a Seat

The Dow Jones Industrial Average is an exclusive club of 30 companies. For Netflix to join, another company must be removed. That decision lies with a selection committee at S&P Dow Jones Indices and is not governed by a strict formula. The committee’s goal is to have the index reflect the broader U.S. economy by including leaders in their fields.

Historically, removals have followed lagging stock performance, loss of leadership, or representation of an industry that has become less central to the economy. While it’s difficult to predict which company might be replaced, the case for adding the undisputed leader in streaming — a dominant force in modern media consumption — is strong, particularly if an existing member from a legacy sector is underperforming.

What Dow Inclusion Means for Netflix

If Netflix were added to the Dow, the stock could see a meaningful immediate lift — the so-called Dow Effect. Dozens of index funds and exchange-traded funds that track the DJIA would need to buy Netflix shares to rebalance their portfolios, creating automatic buying pressure that can push the price higher.

Beyond any initial bump, inclusion would confer prestige and cement Netflix’s status as a blue-chip holding, potentially attracting a new class of conservative, long-term investors and reducing volatility over time. It could also lower the company’s cost of capital, making it cheaper to finance future growth. Whether an invitation arrives in the coming months or not, the strategic and financial moves behind this possibility are bullish: the stock split, rising free cash flow, and consistent profitability suggest management views Netflix less as a speculative growth story and more as a foundational core holding for the future.

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