Seems my powers of monetary prediction are correct. Today facebooks stock price has already dropped 12% now that it is no longer being artificially held up by the big banks handling the IPO on friday. So now anybody who bought in to it is now poorer while facebook is richer. Kind of funny how it works like that isn't it.
At least one good thing though is that people are seeing no chance of a stupid bubble that will burst and do massive amounts of damage when it goes like it has before. Yes facebook may be a big slightly profitable company but it isn't that big and worth lots of money.
The only people who are now richer are the banks, the facebook employees who had stock options and the original investors in the company. Anybody else won't make any money unless facebook can make more profits over the years and bring their stock price up. Investing in stocks really is a mugs game.
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