Facebook’s Faceplant

$20 billion here, $20 billion there.  Pretty soon you’re talking real money. Maybe Zuck should have accelerated his sales a bit more. Facebook’s disastrous conference call and outlook has seen the stock plummet 25% from its earlier highs.Note that this brings FB back below: (1) the trend line which has buoyed it since April 4; … continue reading →

Is Market Integrity Even a Thing Anymore?

Want to know where markets are going?  Just check Facebook.  The stock, that is. As I pointed out in March [see: Facebook Flops] the stock is a very reliable indicator of overall market direction.  And, right now, it’s threatening new all-time highs. But, its accomplishment raises an important question: does it matter how the stock … continue reading →

The Market’s Latest “Lucky” Bounce

That’s a relief!  For months, pundits have been arguing whether the Fed needed to hike interest rates three times or four times this year — you know, because of all the growth coming down the pike. Fed Über-Dove and “Man Who Thinks Market Integrity is Overrated” Jim Bullard just announced that the correct number is … continue reading →

Should We “Like” Facebook?

The last time I posted about FB was October 24 [see: CIW Oct 24, 2012], when I happened to hear Donald Trump repeatedly mention the stock as he was being interviewed about something else all together. BTW, interesting chart on Facebook.  I knew something was up when I heard Donald Trump touting the stock on … continue reading →