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From Forbes: Since 1997, researchers have been able to quantum teleport photons with a major record being set by researchers at the University of Science and Technology of China in Shanghai. In 2010, that team successfully teleported a photon over 16km. Now that same team hasreleased new findings, in which they claim to have teleported photons nearly 100km, or over 60 miles. Now, quantum teleportation isn’t quite the same thing as the [...] By Paul B. Farrell, MarketWatch SAN LUIS OBISPO, Calif. (MarketWatch) – Yes, this really is the hottest IPO market since 2000. And that’s bad news. Very bad. Remember my last column back in 1999: I posted a list of winners, an unbelievable 19 funds had astronomical one-year returns between 179% to 323%! Yes, that hot! Real bad news. On March 20, 2000 my headline read: “Next [...] Posted: 02/ 9/2012 12:01 am Are you young and looking for work? You’re in good company. Just 54 percent of Americans ages 18 to 24 currently have jobs, according to a study released Thursday by the Pew Research Center. That’s the lowest employment rate for this age group since the government began keeping track in 1948. And it’s a sharp drop from the 62 percent who had jobs in 2007 — suggesting [...] If the thought of traveling during the Christmas holidays makes you ill, you’re in good company. A new travel industry survey finds that 39 percent would rather take the bus than fly. Irked by new travel security requirements, higher traffic and the clutter of presents, many air travelers express frustration about flying. [Lower Gas Prices Could Rev Up Holiday Spending.] Lessening the hassles, said the U.S. Travel Association, could win back customers. “Our [...] by Paul B. Farrell, MarketWatch SAN LUIS OBISPO, Calif. — Fasten your seat belts: 2011 was far worse than expected. Our earlier predictions for America’s Worst Decade just got worse. As financial historian Niall Ferguson writes in Newsweek: “Double-Dip Depression … We forget that the Great Depression was like a soccer match, there were two halves.” The 1929 crash kicked off the first half. But what “made the depression truly ‘great’ [...] A good story about getting a good job at a good company that makes a good product–here in America! I found the products to be interesting from a preparation standpoint. Full story here: http://www.theburningplatform.com/?p=25342 …………………………………………………………………I was quite surprised three weeks ago when my phone rang at 6:30pm on a Thursday evening (in itself a surprise since no one ever calls me anymore) and it was the company asking me if I could [...] The habitual secrecy of banks is understandable. Banks almost never want you to understand where they have invested your money. They reveal their quarterly results through glasses tinted so dimly that no one on earth can understand what risks they face, what assets they own, or how they make money. This is all understandable once you grasp the basic premise that banks are dishonest enterprises that do their best to appear respectable [...] More and more I like the idea of not raising the debt ceiling. I like it financially and I like it politically. If congress leaves the debt ceiling where it is, then assuming that Obama is responsible enough to continue to make debt payments, we’re talking about roughly a 29% across the board cut in spending. That’s steep and would no doubt hurt, but it [...] From FT: An airline pilot and a Yemeni student should not be subject to the same airport security checks, the chairman of British Airways has said, calling for “security light” lanes for trusted frequent flyers. Sir Martin Broughton was also scathing about checks the US requires for passengers flying from the UK to the US, which he said had seen a BA board member selected for [...] WASHINGTON — Vote for me ’cause mine’s bigger. Donald Trump yesterday fired the opening salvo in a macho battle of bank accounts with rival presidential contender Mitt Romney, dismissing the former Massachusetts governor as a “small business” person and saying his own assets are “much, much” larger than his opponent’s. Trump, whose approval ratings have rocketed upward since he started hammering President Obama, yesterday turned [...] |
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Ritholtz: For Investors, Jumping On The Facebook IPO Could Be A Recipe For Disaster
Facebook will start trading publicly today. Valued at $104 billion, it will be the third biggest IPO in U.S. history.
But Barry Ritholtz, market commentator and CEO/director for equity research for Fusion IQ, reminds us there’s a difference between a good company and a good investment.
In an interview with Bloomberg TV, Ritholtz said historically IPOs have been money losers and said Facebook shares at $38 or higher are not a wise investment:
“Given the hype and excitement about this, [...]