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2 comments:
I have to ask is the upcoming Facebook Initial Public Offering (IPO) the stock market equivalent of pulling a rabbit out of hat. I have noticed that we have seen a mad rush out of the resource stocks and into the S&P 500 stocks since January of this year.
That trend seems to be broken as have DJIA and the S&P 500 are unable to hold onto their gains from the last five months. This Facebook IPO seems to the last trick the mainstream market has up its sleeve to keep investors interested in mainstream stocks. High tech IPOs such as Groupon and Zynga have disappointing dogs, and have made investors turn away from mainstream market.
I wonder if the Facebook does not live up to its hype will there be a mid summer rush into precious metals and resource stocks?
I forgot to add this link to an article on the Facebook IPO:
http://finance.yahoo.com/news/facebook-prices-top-range-landmark-005337667.html
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