Monday, January 30, 2012

Would Jim Rogers Buy Facebook? No!

Would Jim Rogers buy Facebook IPO? No! I can't blame him. The fish are biting, though. The Nasdaq is near 11 year highs as I type. Even today's early morning swoon is met with buyers by the end of the day. Today was similar to Friday, in that any weakness is bought up. That's pretty bullish. Yet, we are extended and at those highs I mentioned early.

Could the Facebook IPO be the end of the rally?


posted from Bloggeroid

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