Macro Concerns More Powerful Than Facebook IPO
Dan Greenhaus, Chief Global Strategist, BTIG says the macro concerns weighing on investor sentiment are far more powerful than Facebook’s IPO.
Facebook IPO: The Social Offering
Can Facebook’s Debut Survive Such a Volatile Market?
The bet for Facebook investors willing to take a stab at the company whose initial public offering goes online Friday—is that the shares can rise even if the market falls, and perhaps even create its own momentum that lifts all of Wall Street higher.
Overnight trading indicated that stocks could open positive tomorrow, but futures are volatile and could change on any murmur out of Europe.
“The trading on Facebook is going to be isolated. It’s going to be