Sorry, no bubble this time...
Along comes the Facebook IPO - one of the biggest offerings in history (If not THE biggest), and am I included in this offering? - No
The Initial offer goes to the big investing brokers who, in turn, jump on the hype band wagon with the hopes that the stock's value will skyrocket before they turn around and make it available to the general public (at a huge profit...)
So Facebook, Zuckerburg and the big investment brokers romanced each other, jumped in bed and with high hopes they prepared to rape & pillage their way to an immense fortune, based on their assumption that the stock would be highly sought after by the average investor. It wasn't.
So now the likes of S&P are crying "foul" because the stock did not instantly double, triple or even gain in value, "cheating" them out the of the billions of dollars they had hoped to make in profits while unloading the stock upon the likes of the rest of us.
Shame on them. Shame on anyone that feels sorry for them.
I do not.
Investing is a RISK, not a given, and the value of a stock is speculative.
Blinded by their own greed, they acted stupidly.
That's just one of the dangers of believing your own hype...