Accounting & Investing Info for San Antonio A & M
Monday January 30, 2012
Legendary Jim Rogers won't be buying shares in an IPO for Facebook. As he notes the sellers are usually smarter than the buyers.
My guess, and I don't know when the IPO would be scheduled, is that the market wil probably top in the same timer period of the IPO. The biggest IPO in history after the 20087 meltdown, would be an inclusionary socionomic moment, just the event to cap the recent run from 1075 to what, say 1400 on the SPX.
How does someone as prominent as Jim Rogers get away with the following:
He added that the US public are essentially “saps,” being fooled by a government eager to harness as many votes as possible in an election year.
? Doesn’t such a crass statement deserve some scrutiny by the reporter of that story? With regard to Mr. Rogers’ feelings about Facebook, I might have to actually agree. I’m beginning to suspect Facebook and Twitter are fads that will run their course soon. There will be those die-hards who keep it going, but many of my friends and classmates have pretty much abandoned their accounts and I suspect many others will be doing so before too long.
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Professor Elam 
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