The FB and Greek Tragedy, Cheap Oil,

                    
                            Wall street investors dislike Facebook



 This is a frightening scene we do not want to see, but is happening

This feed from the Wall street daily is both tragedy and triumph:


                   

                                       
                                 The IPO stock prices was not a good wedding present


l.  The facebook IP which has cratered by 30%.  Before the IPO, many pundits were warning that
it was overvalued and overhyped.  Many still went with the purchase.  If it was 30% off that is about
$30 billion evaporating in just a week.  That is a tragic loss for many investors.  Lesson:  not all things are good investment, no matter how popular.

2.  There is a bank run now in Greece. (or shuttered banks)
                 


                  

3  The oil inventories is now the highest in history and this is the reason that oil is at its lowest.
(We are aware of the Bakken oil fields, the fracking of oil, and even dry fracking)

It is nice to have this kind of inside information from Wall st.

                                
  

The Greek and FB tragedy, the triumph of cheap oil (again)