Danielle was a guest on Talk Digital Network with Phil Mackesy today, talking about recent developments in the world economy and markets. You can listen to the audio clip here.
Follow
_________________________
Robert Shiller: ‘return on housing’ is the benefit of living in it
Robert Shiller, is one of the few useful economics professors. He is also co-creator of the S&P/Case-Shiller home-price index. Bob is an excellent big picture student and thinker. He is also that rare mix of smart, humble, honest and incredibly hard working. He spoke with Tom Keene on Bloomberg Television’s “Surveillance Midday here is the link.
Big IPO’s: the hype and the aftermath
Media today is all abuzz about the FACEBOOK IPO!!!!! They want to know: what do I think?
These two charts from Zerohedge of the 8 most touted internet IPO’s in the past year or so, reiterates my thoughts on new issues pretty well. The group includes GRPN, ZNGA, LNKD, P, YOKU, DANG, AWAY, and FFN. The first charts the average return of the group over the following 12 months from the issue date: -54%:
The second shows the individual price performance of the issues from day one:
And of course there was the Sprott IPO which I already discussed here last week.
Yes, yes, Google was a bit of an outlier, it went way, way up and then way, way down and now is at the level it first reached in 2007. Timing or blind luck matters a ton in this stuff. But generally, IPO dogs don’t hunt for initial dupes “investors”.
Posted in Main Page
6 Comments
