Wednesday, May 16, 2012
Newsworthy
On the exceedingly rare occasions where Satan dba "media" gets something right, I should note it. The Facebook stock offering is one of those rare moments. Both "left" and "right" are raising yellow flags about the bubblicious nature of Facebook. NPR, normally a willing slave of Wall Street, has done an actual experiment to see if Facebook advertising works, and finds that it mostly doesn't.
Even if this coverage is actually intended to push the price down for some short-seller's benefit, it's still good advice to ordinary investors.
During the booms of the '90s and '00s, all media conspired to get everyone buying; only native caution and common sense would keep you out of the market. Now we have a little bit of common sense seeping out of TVs and radios, and that's a step forward! ¶ 5:36 PM
Even if this coverage is actually intended to push the price down for some short-seller's benefit, it's still good advice to ordinary investors.
During the booms of the '90s and '00s, all media conspired to get everyone buying; only native caution and common sense would keep you out of the market. Now we have a little bit of common sense seeping out of TVs and radios, and that's a step forward! ¶ 5:36 PM
