Fri, 03 Feb 2012 11:28:03 GMT
“Yeah, I know.” These words came from my brother, Loring, and their significance was unmistakeable – worlds have collided. My brother is an actor and filmmaker (quite talented too, www.mcquaidbrothers.com, http://twitter.com/loringmurtha). He is about as far removed from the world of investing as one can get. In fact, I suspect he couldn't name more than one holding in his managed portfolio. But when I mentioned to him the other day that “Facebook is having its IPO. IPO stands for Initial Pub-“ he saved me the trouble, cutting me off with the statement above. My brother is not an official MarketPsych Sentiment Indicator. We have REAL ones for that. But he might as well be. It indicates that Facebook's upcoming stock offering is much more than a financial investment. It's a pop-cultural phenomenon - with all that that entails. In a story that is perhaps apocryphal, Bernard Baruch said that he knew it was time to get out of the market (pre-crash) in 1929 when his shoe shine boy...
initial pub, bernard baruch, loring, facebook, world wide web, finance, online social networking, blog software, social information processing, web 2.0, initial public offering, shine, yeah, actor, facebook inc, www.mcquaidbrothers.com
