Jim Cramer says fundamentals of a stock matter less than the mechanics of how this market works. Investors need to be able to handle this kind of volatility.
European stocks are mixed and U.S. stock futures turn lower early Tuesday.
Netflix's plans to spend $8 billion on content this year will keep its cash flow deeply in the red, but investors continue to reward the streaming service's ambitions with record high share prices and a $100 billion market cap.
More advertisers want to reach a Super Bowl audience, but the price of admission has led to shorter ads from a bigger pool of companies.