Submitted by Mark Hanna
Courtesy of MarketMontage. View original post here.
This blurb in a story on the disaster that was Facebook (for the brokerage investor base) shocked me – despite a huge rally from March 2009, trust in the stock market is only 2% higher than the 13% level of March 2009. That is neck and neck with Congressional approval ratings. The Facebook debacle obviously didn’t help – even the sports talk radio shows locally were mocking the stock price of the company. I guess that is when you realize how widespread interest in that name was.
stat of the day:
Facebook has lost $25B in market cap value in 7 trading sessions. 385 S&P companies (77% of index) have market cap value less than $25B.
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