Comments on: Is Nasdaq to blame for Facebook’s share price? http://blogs.reuters.com/felix-salmon/2012/06/11/is-nasdaq-to-blame-for-facebooks-share-price/ A slice of lime in the soda Sat, 25 May 2013 00:03:13 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: streeteye http://blogs.reuters.com/felix-salmon/2012/06/11/is-nasdaq-to-blame-for-facebooks-share-price/comment-page-1/#comment-40041 streeteye Mon, 11 Jun 2012 23:45:32 +0000 http://blogs.reuters.com/felix-salmon/?p=14870#comment-40041 Social proof is a powerful thing and the price is set by the marginal buyer, it doesn't necessarily take that many mo-mos to take it up, and shaking them out can have a big effect on price. In the long run of course, earnings and growth are what's going to matter, but the long run isn't here yet. Also, Summers is a smart guy, but I certainly wouldn't take his advice on stocks... the market invariably humbles know-it-alls. As far as he was concerned, derivatives, leverage and deregulation were just great and bankers' rational self-interest would keep them out of trouble. Social proof is a powerful thing and the price is set by the marginal buyer, it doesn’t necessarily take that many mo-mos to take it up, and shaking them out can have a big effect on price. In the long run of course, earnings and growth are what’s going to matter, but the long run isn’t here yet.

Also, Summers is a smart guy, but I certainly wouldn’t take his advice on stocks… the market invariably humbles know-it-alls. As far as he was concerned, derivatives, leverage and deregulation were just great and bankers’ rational self-interest would keep them out of trouble.

]]> By: reality-again http://blogs.reuters.com/felix-salmon/2012/06/11/is-nasdaq-to-blame-for-facebooks-share-price/comment-page-1/#comment-40032 reality-again Mon, 11 Jun 2012 19:41:19 +0000 http://blogs.reuters.com/felix-salmon/?p=14870#comment-40032 "...the stock genuinely has stabilized in recent sessions, trading in a narrow band between $26 and $28 for more than a week now." "genuinely"??... "more than a week now"... Wow, I'm impressed! “…the stock genuinely has stabilized in recent sessions, trading in a narrow band between $26 and $28 for more than a week now.”

“genuinely”??… “more than a week now”…

Wow, I’m impressed!

]]> By: MrRFox http://blogs.reuters.com/felix-salmon/2012/06/11/is-nasdaq-to-blame-for-facebooks-share-price/comment-page-1/#comment-40030 MrRFox Mon, 11 Jun 2012 18:53:19 +0000 http://blogs.reuters.com/felix-salmon/?p=14870#comment-40030 Fits - that whole FB crowd is just 'déclassé'. Fits – that whole FB crowd is just ‘déclassé’.

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