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Behold: How Investors Got Fuckbooked

 

“The Facebook IPO in May was a disaster.

Hyped up as the must-buy of the decade, the stock faltered as soon as it opened, and the shares then crashed more than 50% over the next few months.

IPO buyers got demolished. Facebook’s reputation took a dive. Lawsuits and recriminations commenced.

The main problem with the IPO was that investors paid way too much for the stock.

Most of the responsibility for this decision, unfortunately, lies with the investors themselves. No one made anyone pay $38 a share for Facebook.

But some of the fault lies with Facebook, Facebook’s bankers, and some idiotic IPO information-disclosure rules.

During the IPO roadshow, sophisticated institutional investors got important negative information about Facebook that small investors didn’t get. This made the institutions much less enthusiastic about Facebook than some less-informed small investors turned out to be….”

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BOJ Loosens #QE #POMO

The Bank of Japan (8301) expanded its asset-purchase program for the third time in four months, and will reconsider its objectives for inflation as incoming Prime Minister Shinzo Abe urges more action to end price declines.

The central bank expanded its asset-purchase fund to 76 trillion yen ($906 billion) from 66 trillion yen, according to a statement released in Tokyo today. The bank kept its credit lending program unchanged at 25 trillion yen.

The expanded purchases failed to halt gains in the yen, which reversed three days of declines today as investors sought a haven amid concerns at a stalemate in U.S. budget talks. Abe, whose party swept to victory in this week’s election, will have a chance to reshape the BOJ early next year when the terms of Governor Masaaki Shirakawa and his two deputies expire. He’s pressing for a 2 percent inflation target, compared with an existing 1 percent goal.

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Gaijin! Foreign Buys of Japan Stocks at Highest Since March 2011

Net purchases of Japanese stocks by Overseas investors rose last week to the highest since last year’s record earthquake and tsunami, according to the Tokyo Stock Exchange.

Foreign investors were net buyers of Japanese stocks last week for the fifth consecutive week, purchasing a total of 462.9 billion yen ($5.5 billion) more shares than they sold on the Tokyo, Osaka and Nagoya bourses, the exchange said. That’s the most since the week ending March 18, 2011, when net purchases were 955.2 billion yen.

The Nikkei 225 Stock Average (NKY) has gained 16 percent since Nov. 14 when the previous government said they would call elections. The Liberal Democratic was returned to power in a Dec. 16 poll on pledges to boost government spending and press the Bank of Japan for more monetary stimulus.

“Foreign investors are starting to expect more aggressive policies and economic stimulus measures in Japan,” said Jun Yunoki, an equity analyst at Nomura Holdings Inc. “Foreign investors’ risk tolerence is increasing and that’s being directed with capital inflows to Japanese stocks.”

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Hong Kong Will Ban High-Polluting Vehicles to Fight Smog

Hong Kong will ban high-polluting vehicles and offer subsidies to replace diesel-powered buses and trucks, after 15 years of clean-air measures failed to limit smog responsible for more than 3,000 premature deaths a year.

The government will introduce its new “carrot and stick” approach next month, Christine Loh, undersecretary for environment, said in an interview. She said past incentives weren’t big enough, declining to provide the size of the planned subsidies.

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Guns Out of Stock at Wal-Mart as Magazine Prices Surge on $EBAY

With President Barack Obama endorsing sweeping gun restrictions in the wake of the school shootings in Newtown, Connecticut, prices for handgun magazines are surging on EBay (EBAY) and semi-automatic rifles are sold out at many Wal-Mart Stores Inc. (WMT) locations.

Wal-Mart, the world’s largest retailer, said yesterday that it would continue to sell guns, including rifles like the one used at Newtown, where 26 people, most of them children, were killed on Dec. 14. By contrast, Dick’s Sporting Goods Inc. (DKS) suspended sales of similar guns at its more than 500 stores.

Searches of five kinds of semi-automatic rifles on Wal- Mart’s website showed them to be out of stock at stores in five states, including Pennsylvania, Kansas and Alabama. Wal-Mart doesn’t sell guns online, instead asking customers to input a zip code to see if their local store carries a specific weapon.

“We remain dedicated to the safe and responsible sale of firearms in areas of the country where they are sold,” David Tovar, a spokesman for Wal-Mart, said yesterday. He didn’t immediately respond to a request for comment on this story.

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PressTV: Israeli Death Squads Involved in Sandy Hook Bloodbath: Intelligence analyst

“In truth, the public may well just be sick of hearing stories about “lone gunmen.” Of all possible horrors, this one, even more than the Benghazi killings, is loaded with political implication, not just “gun control,” but a clear attack on the security of every American family.

Days later, the Sandy Hook Massacre, the iconic slaughter of twenty small children, is now looking like a terrorist attack, not a “murder suicide.” Was “lone gunman” Adam Lanza a “patsy,” the same word Lee Harvey Oswald used to describe himself before being “silenced” in November 1963?

Today, Michael Harris, former Republican candidate for governor of Arizona and GOP campaign finance chairman, in an internationally televised news broadcast, cited “Israeli revenge” in, what he called, “the terrorist attack in Connecticut.”

Harris cited Israeli “rage” against the US and against President Barack Obama. By “Israel,” we mean “Netanyahu.”

The mission was to teach America a lesson, knowing that “America would take the punishment, keep “quiet,” and let a ‘fall guy’ take the blame.”

A “fall guy” is another word for “patsy.”

Harris, citing the flood of inconsistencies in the “cover story,” pointed out the following, “The facts are now becoming obvious. This is another case where Israel has chosen violence and terrorism where their bullying in Washington has failed. Israel believes the US “threw them under the bus,” particularly after the recent Gaza war, allowing Israel to be humiliated in the United Nations. Their response was to stage a terror attack, targeting America in the most hideous and brutal way possible, in fact, an Israeli “signature attack,” one that butchers children, one reminiscent of the attacks that killed so many children in Gaza?”

Washington is terrified of Israel, their powerful lobby and its relationship with organized crime. Now, a key former Senator, Chuck Hagel, who has helped expose this fact, is likely to be nominated as the secretary of defense, despite vocal protests from Israel.

Today, Israeli news gave further credence to Harris’ analysis when they issued the following statements regarding the probable nomination of Hegel:

“Chuck Hagel’s statements and actions regarding Israel have raised serious concerns for many Americans who care about Israel,” said the Republican Jewish Coalition (RJC) Executive Director, Matt Brooks. “The Jewish community and every American who supports a strong US-Israel relationship have cause for alarm if the president taps Hagel for such an important post.”

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Sales Boom for Kids’ Body Armor

“Basically, there’s three models,” says Derek Williams. “A SwissGear that’s made for teens, and we’ve got an Avengers and a Disney Princess backpack for little kids.”

Williams is the president of Amendment II, a Salt Lake City-based company that manufactures lightweight body armor for law enforcement and military use. But lately they’ve moved into a different market: body armor for kids. Six months ago, Amendment II introduced a new line of backpacks, built with the company’s signature carbon nanotube armor, designed to keep kids safe in the event of school shootings. Since Friday’s massacre at a Newtown, Connecticut, elementary school, sales have gone through the roof. “I can’t go into exact sales numbers, but basically we tripled our sales volume of backpacks that we typically do in a month—in one week,” Williams says. ”

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EXCLUSIVE: Fear of Being Committed May Have Caused Connecticut Gunman to Snap

“NEWTOWN, Conn. –  The gunman who slaughtered 20 children and six adults at a Connecticut elementary school may have snapped because his mother was planning to commit him to a psychiatric facility, according to a lifelong resident of the area who was familiar with the killer’s family and several of the victims’ families.

Adam Lanza, 20, targeted Sandy Hook Elementary School in Newtown after killing his mother early Friday because he believed she loved the school “more than she loved him,” said Joshua Flashman, 25, who grew up not far from where the shooting took place. Flashman, a U.S. Marine, is the son of a pastor at an area church where many of the victims’ families worship.

“From what I’ve been told, Adam was aware of her petitioning the court for conservatorship and (her) plans to have him committed,” Flashman told FoxNews.com. “Adam was apparently very upset about this. He thought she just wanted to send him away. From what I understand, he was really, really angry. I think this could have been it, what set him off.”

A senior law enforcement official involved in the investigation confirmed that Lanza’s anger at his mother over plans for “his future mental health treatment” is being looked at as a possible motive for the deadly shooting.”

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