And where does TWTR open ?

Some calls are for prices near $50 per share, all hyperbole.  At least part of the selloff in momo stocks must have been to raise cash for this $ 1.8 billion IPO.

First estimates of GDP – Q3 came in at 2.8%,, about a third of which was inventory build up, while consumer spending remains weakish. Not much fodder for a market up so much this year, and the ECB did reduce rates.

BBY drops 3% the day after I mention it in class. On a day when the DOW is up triple digits no less. Of course I wasn’t in it.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s