[quote=markmax33]
America’s engine is the small business and they don’t have stocks and aren’t manipulated or doing the manipulating. I was trying to make an everyday example of an everyday company that was cleaner than the others. Take everyday small businesses instead and then my point should be clear.[/quote]
mm33,
I don’t doubt you’re an intelligent person. But really, there is a huge difference between a small business that you describe an these blockbuster IPOs of these dazzling companies. Most of these companies would have no shot at making their splash if it weren’t for the leverage/influence/etc of the very big wall street companies that main street loves to rail again. These are the same firms, (albeit different departments) that main steet is so disgusted with in the bailouts that will make a killing on these IPOs. They have an entire sales team dedicated to pumping up these companies up so they can sell to everyone else and cash in.. Look at who’s underwriting Facebook… Same top 3 investment banks, some investment banks that got involved into commercial banking to take advantage of all the RE speculation, and where the same banks that underwrote the previous .com bubble companies. Everytime you buy a post-ipo share on the retail market, you are contributing to this very game that you otherwise rail against. There’s nothing wrong with that. But call it as it is…..
