The symbolism here is a little too perfect.
Standard and Poor’s announced yesterday that they were adding Netflix to the S&P 500, an index of large-cap stocks.
At the same time, they announced the New York Times Co. was being dropped down to the S&P 400, where middle sized stocks go.
Netflix has been on an unbelievable run over the last year, while the New York Times has slipped and stagnated.
