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Somehow 100 million retail investors are smarter than the bond king.
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MBS > FB?
We shall see Mr Gross.
FaceBook Backed Securities?
What's a facebook?
a betting line for bj's
Gross should know a bubble when he sees one. He's been riding the biggest one in history for the past thirty years!
Everyone is excited about this historic IPO except for lame uptight doomer libertarians. FB is a fresh new IPO - perfect for young investors just getting started and looking to build a respectable but forward looking portfolio. This is a great day for hip, upmarket investors, but a sad day for envious and bitter and sulking rednecks.
LOL - Too funny.
That's Mister Redneck to you MDB.
And to MDB's young investor potential victims, you might want to have a reserve of money before you start gambling, sorry I mean buying shares on the markets. By way of money I mean Gold and Silver
Yeah Bill - totally nailed the bond bubble a year ago too. Nice work... /sarc
Sorry MDB, this goes too far. if you really believed that, you wouldn't even have heard of "zero hedge"
This post proves you exist, therefore you don't! :)
Speaking of reserves, it's a good thing there were very few treasuries sold this week. That frees up about 100 billion to buy something else... hmmm.
All smiles around the Facebook campfire this morning.
Let the Palo Alto land rush begin...
"Redneck" was a term used for the first white slaves that came over to America from England/Ireland, because they were in the ships hold for several months with a neck iron on when they came out for auction they all had redneck hence the name "redneck" . As these slaves were stolen from source they were worth less than the eventual black countrpart ,as the black had to be perchased from the trible leaders.
Nice peice of history! I bet you weren't taught this in a public school.I first discovered this concept reading "Kidnapped",by Robert Louis Stevenson.
I'm a redneck. Or at least I thought I was.
MDB - your sarcasm is spot on today!
Finally had to get in here, good one MDB
How does it never get old for your fans? It mystifies.
OMG! MDB took his fishoils and B complex today...he's rocking!
He's on rocks (Crack) you mean!
some carnauba wax was also liberally applied to his happy place as well
Either you are the Andy Kauffman of posters in which case you are brilliant and you should be treasured for your confrontational wit or you are 100% serious. Since I can never truly know I will think the best of you and savor your posts.
That was delicious ...
I could never get in that headset to perform that well which is why I admire it. The young hip investor, my God, that is comedy gold. That so many folks get torqued means s/he is tapping into and exposing some real nerves.
The only reason I know it is a troll is the delivery is a little too stiff, automaton, not very interactive. One dimensional. But man that dimension is well developed.
Hats off MBD.
one dimension well extended, like in 2000. You can b sure if FB flames higher DJIA will be at 14000 and even 15000. What goes up...in election year, has a flavour of vanilla yoghurt. Or ice cream.
Ever seen a blonde stretch her legs wide and shimmer her flag like on POrk chop-San Juan hill?
You are in Arsenic and Old lace! Charge!!
Facebook is the symbol of the tech bubble 2.0, it is going to be crucified in the next few weeks and months.
MDB: You and Facebook are symptoms of what is wrong with the world these days. Quoting from: http://news.discovery.com/human/is-there-a-liberal-gene.html
"The four authors, including UCSD's James Fowler, wanted to explore if politics were heritable by identifying a specific gene variant associated with political leaning. They hypothesized that individuals with a genetic predisposition toward seeking out new experiences would tend to be more liberal.
The 7R variant of DRD4, a dopamine receptor gene, had previously been associated with novelty seeking. The researchers theorized novelty seeking would be related to openness, a psychological trait that has been associated with political liberalism.
However, social environment was critical. The more friends gene carriers have in high school, the more likely they are to be liberals as adults. The authors write, "Ten friends can move a person with two copies of 7R allele almost halfway from being a conservative to moderate or from being moderate to liberal."
They theorize a larger social network may bring more diverse viewpoints, which could be an influence on the liberal development."
All the hours spent in vain interactions with thousands of so-called "Friends" is the ultimate expression of Liberalism. It will come to a screetching halt when people are too busy scratching out a living soon.
I'd be more inclined to believe that these collectors of 'friends' are essentially little sycophants who depend upon their behaviour in their attempts to sate an insatiable need for social recognition.
But have they found how genetics affects Collectivism vs Individualism?
When you say Liberalism, do you mean Collectivist Liberalism (Social Democrat) or Individualist Liberalism (Libertarian)?
Which flavor Kool-Aid has the fun stuff in it today?
Hey, every once in a while your Sarcasm bleeds through and we all can chuckle. Not often, but just once in a while...
If only RoboTrader was still with us but MDB you still hold a special place in all our hearts. MDB is back Bullish!
Reminds me of a Gary Oldman moment;
No MillionDollarDoucheBag..... only you and the lemmings.
Tell us, douchamongous, what is it that FacePlant has by way of anything material, other than gathering information for your glorious government bureau-asshats?
You can't. "Perfect" for young investors. LOL. And you...still having to "call your broker" - like some pseudo big shot.
Hey wait a minute, I think you are calling me an envious and bitter and sulking redneck.I'd do anything to be a hip upmarket investor instead of a lame doomer libertarian.
I'm so bored with being a "show me the money" guy looking for stocks that pay real dividends above the inflation rate. Those stocks are hard to find, I would rather ride the FB rocket!
I have to agree with MDB here - I am bitter.
The bottom line with FB, the dirty 'secret' is that its mobile app doesn't really work with adverts - GM already pulled out. Mobile phone users don't like intrusive ads on their small
screens. The only hope I see is for FB to sell the user data to others & target their larger form factor devices. In a year or so, we'll start seeing 'disappointing' results with advertisers etc., all the while the tulip frenzy is focussed on simply its stock value with little attention paid to fundamentals. I also wonder what FB subscribers will increasingly feel about being cattle-prodded all the time - it could become un-cool very quickly. cf Myspace & the others (do you even remember their names?) etc. Purely P&D, imho.
FB technology is easily replicated and highly dependent on the "fad" factor. Personally, given privacy concerns around social media, I have serious doubts about the sustainability of the business model and in fact doubt its ability to generate much revenues. IMHO, what the FB IPO really boils down to is an opportunity for the company insiders to cash out while the getting is good. Caveat Emptor!
Facebook is a fad for narcissistic young hipsters lemmings. The rich uptight doomer libertarians got it right.
Right on Cog D. MDB I have a couple more investments for your move forward Tapeworm Economy.
The Carlyle Rot - Another Thumbs Down For The IPO
MDB you should team up with Banzai, or have a humoristic column on Zerohedge.
Million - I still haven't figured out if you post these things just to get attention. I mean, nobody could be this damn dumb on so many things. Nobody could keep blaming libertarians (do you even know what it means) for all the world's ills or be so moronic as to believe a social network company will provide a future for retirees.
According to the most recent S-1, Facebook has an very short lockup period which was changed to just 91 days. That is going to double the free float -- the number of Facebook shares that trade on the market -- from 484 million after Friday's IPO to about 1 billion after 91 days. Usually lock-ups are for 180 days. Quite a few people want out of this thing as soon as possible.
Just not MDB.
Goldmans 1st out the door. Then their favourite big clients
by the end (a wild guess here) MDB will be left holding the bag
12.54% of the shares outstanding are at a 91 day lockup expiration, 57.19% are at 181 days. Thats 268,113,248 and 1,222,849,097 shares, respectively.
Both the Facebook and Carlyle Groups IPO’s are totally tilted in the issuers favor. They are indicative of the times and a possible top.
When the public demands the bag, It’s not a bad idea to give it to them.
Wall St. pump and dump... plain and simple. My full analysis: http://www.singledudetravel.com/2012/05/why-facebook-isnt-worth-100-billion-or-anything-close-to-it/#.T7ZjSEWO0So
did it drop before it started trading?
from a very "envious"...
I smell some BATS in the room. Something must be SNAFUing right now.
told'ya so... they are canceling their orders ahahaha
sparkle its a sparkle
You go Bad Billy ! MBS MBS MBS !
Gross - "But there is no bubble in Treasuries or mortgages because I do know how to use them."
truth...no bubble in bonds until he manages to reduce, hedge, exit, thst colossus of nightmare he is holding...
ASK:45.00 BID:(no response) ASK:44.00 BID:(no response) .....
Is this thing on?
ASK:43.00 BID:(no response)...
...FB still not trading...
...shorting not allowed...
...selling not allowed...
FB still not trading...
Told you the "market" would go green.
Have a nice weekend.
Most people dont realize that the Fed runs on fax machines. Not snarc, Bens statements are fax'ed to him before he starts speaking. And wouldn't you know? he starts on time, everytime. We might not like what he says, but they are professionals.
The problem with this facebook opening, is that the FB application to be the 14th primary dealer got tied up when some kids who participated in the "hack-athon" last night didn't think that the webtofax.com servers might have a problem this morning. Ben is smiling his ass off right now. good for him.
Zerohedge, This huge breaking story about more Goldman Sachs criminality is conspicuously absent from your site. I guess it's more important to post nonsense about goldman shorting the US consumer,hmmmm
Accidentally Released: Documents Show How Goldman et al Engaged in 'Naked Short Selling'
tips [ at ] zerohedge.com
speaking of bubbles, TIPS anyone?
You poor bastard, you're so fucking far behind, you don't know which way is forward do ya.
I think the documents are legitimately interesting. I know naked short selling has been covered here, but it would be nice to see if ZH could did a little deeper and get additional info.
Goldman??? Naked short selling?????
You don't say! Where's the pressing news in that?
They're still recovering from their last $150 fine from the SEC....
PIMCO sure does know bubbles.
He doesn't know how to use Facebook? SMH...
Short Facebook and SF housing....
tell Bill that in 10 years all Africans might be paying their electricity bills through FB. See him panic. Wanker.
Does that mean in 5 years they will be paying their water bills through flooz.com?
How is that possible when they'll still be eating govt subsidized bread and picking grains of rice out of the dirt.
I didn't know they all had electric service.
bubble capitalism has doomed the middle class.
AAPL has a current market cap of $500 BILLION. To put in perspective how expensive FB is being priced, if AAPL was valued the same way FB is, AAPL would have a market cap of $5 TRILLION!
Bankers love bubbles.
it truely is absurd
from 65 Euro to 40 in FRA
Must be time for the Fed to have it's own banker anthem.
I'm forever blowing bubbles and bubbles.......
Maybe WmBanzai could find an image similar to the opening one and make use of it for a future Fed themed piece.
He better know how to use a bubble.
Oh my god, Duke & Duke are trying to corner the market. Only this time the Crop Report is full of Crop Circles. TURN THOSE MACHINES OFF!
Double, double toil and trouble; Fire burn, and caldron bubble.
Bubble, Bubble toil and trouble; Europe burns and Facebook bubbles.
Is the ZH gang dressing up in hoodies today?
Andrew Ross Sorkin was simply too adorable this morning on CNBC!
"Dear Potential Investor: For years, you’ve wasted your time on Facebook. Now here’s your chance to waste your money on it, too." - Mark Zuckerberg
"One last thing: what will, I, Mark Zuckerberg, do with the $18 billion I’m expected to earn from Facebook’s IPO? Well, I’m considering buying Greece, but that would still leave me with $18 billion. LOL."
Mr. Gross: To paraphrase the Soup Nazi, "No Facebook friends for you!"
Does Gross see a bubble in the bonds yet?
If you don't know how to use something doesn't it make that thing useless?
Nasdaq is down a point FB must have started trading.
Can we please stop talking about facebook?
They must be waiting for Europe to close so the robots can churn it.
I bet the media outlets just love this delay in trading, it means we are all stuck to the tv watching thier stupid asses spout crap all over the room. they will have a big orgasm over this one for sure.
Farcebook, where i don't care about what my friends are up to, and all i do is repost web articles, on the off chance the sheeple might actually read them, and wake up
Farcebook, where I don't care about what my "internet friends" are up to, and all I do is repost web articles, on the off chance the sheeple might acutally read them, and wakeup.
Haha, were almost twins in that respect. I just realize I only have about 4 friends and I just don't want to be rude to the rest and not accept their "friend" request.
HFT Robot Algos must be slamming the NASDAQ; Skynet more powerful than 500 million desktops.
bond king is holding on the biggest bubble on earth. facebook will preserve more wealth than pimco's flagship bond fund in the long run.
anyone else want to bet on this?
Circus Maximus comes to mind!
No privacy rights and fake farms???? Shiiiiit, buy North Korea...
+1, Well done!
What do pre WW2 jews and me have in common? absolutley nothing except we both own gold
And you know what happened to that gold and those who owned it ...
It's 11:27. Do you know where Jon Corzine is?
So as an IPO, are they looking to raise capital or is this a cashout for insiders?
From Tel Aviv just in.
Sorry, agent Zuck we lost so much already on AAPL when we went long at $600
what would FB be worth if the POTUS invoked S. 773, the Cybersecurity Act of 2009 ??
This sure would be a great time to have a quote-stuffing, system-clogging, rogue Algo-driven Flash Crash....
billions of dollars worth of AAPL and GLD being sold to buy FB, what're the odds that it all goes perfectly smoothly??
I would sell FB to buy this deal...
Directly translate the pronounciation of facebook into Chinese means " have to die" . Good luck to all cheers!
When most facebookers are working 16 hour shifts at Foxconn/USA in ten years, will they call it social networking?
Real life Farmville might not seem as cool.
Gross knows his shit... sometimes...
watch the down draft...
It's all those wanker wannabe generation X'ers with their handheld I-Phones and their need to digitize everything and fry their brains with microwave frequency till there is nothing in their heads except rotten grey matter, while they wax eloquent about how in touch they are with what's really going on, using all their "apps" to tell them when to take a crap each day.
"I don't know how to use it but I know a Bubble when I see one!!"
Well that is easy, you short the bejeezus out of it.
Like you should do for that other Bubble, you know: Bonds!
I think folks are suffering from groupon think.
I don't know how to use it either
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