The highly anticipated Facebook IPO was priced right for day 1

Posted By on May 18, 2012

fb_dayone_ipo_120518Facebook made it stock market debut today with a $5 move from the $38 IPO price to above $42/share and then kind of drifted back to close the day at $38.23. There was plenty of interest. Lots of hype and even a NASDAQ snag to prevent an on time opening this morning. For employees of FB … today made many paper millionaires … and most those who sold shares are probably the real deal. The WSJ commented, “it was a tepid debut for one of the largest and most closely watched initial public offerings.”

There have only been six other initial public offerings that raised more than $5 billion since 1995 … quite impressive.

Rally Sign? Market Most Oversold Since Financial Crisis

Posted By on May 18, 2012

CNBC.com Article: Stocks are at their most oversold levels since the doom days of the financial crisis and bound for a rally, according to one measure.

Full Story:
http://www.cnbc.com/id/47473723

Posted via email from RichC’s posterous

Dependence on government and the value of a dollar

Posted By on May 18, 2012

As a country, a nation and a generous people … we are heading down the wrong path when assistance programs fail to teach the value of a dollar [insert joke here about the “value” of a dollar] and instead teaches the next generation dependence on government. “Over the last four decades, our government has quietly done away with almost all of the restrictions once placed on food assistance.”

Food Stamps and the $41 Cake

By WARREN KOZAK

Beware of little expenses.
A small leak will sink a great ship.
—Benjamin Franklin

There is a large chain grocery store in my neighborhood that I rarely frequent because the prices are too high. Instead, I will travel an extra 30 blocks to another store where the costs per item are 20%-30% lower.

I arrange my travel around this activity. It takes a little extra effort, but within a year the savings are substantial. As it turns out, I am not alone.

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Facebook priced at $38/share as investors head for Treasuries

Posted By on May 17, 2012

Stock market heads down again as investors and traders head for the sidelines and U.S. Treasuries, which by the way are hitting all time lows. recordlow10yrnote_120517In fact the 10-year note closed at 1.70% yield … a record low yield for the security of U.S. notes.

On the other hand the much anticipated Facebook IPO (FB) was priced at $38/share with both buying and selling interest already. Tomorrow should be interesting to watch share prices and volume.

U.S. Markets are not as bad as they seem

Posted By on May 17, 2012

Just my opinion, but the “social” disease that infected Greece, Spain, Portugal and other European states should not be impacting markets in the U.S. in the way that they are. Sure we have our major issues when it comes to be fiscally GreeceDebtGDPresponsible all the way around: corporate governance, banking and housing, personal spending and borrowing, employment, laziness spurred on by the bloated government safety net and total chaos when it comes to managing the federal government … BUT we are in a very different place.

Our banking system, despite bad bets/hedges/investments by banks is strong compared to European banks. Our employment situation, although tenuous, is “and wants” to improve … confidence is even higher in recent month according to a new USA Today poll. The housing crisis has bottomed and there are signs in some markets that we’re seeing improvement. Our corporations have spent the past several years leaning their workforce and fattening their balance sheets … they are now in excellent shape. Politically the discourse is discussing our long term problems and recognizing them … although admittedly not doing much about them.

European companies on the other hand have weaker financial balance sheets and may not have plugged their leaks, not to mention having even tighter government regulation controlling their decision-making. We may question our tax policies, but the majority in congress recognize the need for an over the board “fair” corporate tax (agreement seems somewhere around 25%) in order keep U.S. companies competitively producing and hiring new employees. Those of the socialist mind in Europe don’t see things the same … and that’s still a big difference for a strong economy.

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Archiving: Friends Mark and Dar had their cushions recovered

Posted By on May 16, 2012

Very nice job … I’m going to have to get the name of the boat upholstery shop.

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click for larger images

A long drive with rain off and on– I26 & I40 were beautiful

Posted By on May 15, 2012

drivinghome120514 

Headed home after a quick few days with Taylor and his friends on the boat. Project were minimal but we had a great time and had some interesting stories – the one about “Rick” would have any parent giving a lecture (ah … memories). Surprisingly I found the time comfortable on the boat even though four in a confined space can be challenging … it says a lot about Taylor’s friends who were able to adjust and enjoy spending time sleeping on less than perfect berths without the privacy most girls would require. Oh … and they took me out for a nice dinner for hosting them! Very nice … and very much enjoyed!

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Sailboat repairs and How-To questions

Posted By on May 13, 2012

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In keeping with my sailboat repairs theme, I removed one of the Spinlock line clamps thinking I might be able to order parts and repair at home. Unfortunately getting the bolts out and permanent bonding materials to let go was another issue. I did finally get the cam lock off.

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Happy Mother’s Day to Brenda (Taylor’s mom) and my mom

Posted By on May 13, 2012

tayloroutforasailMom, from the time I was really young,
I realized I had someone…you,
who always cared,
who always protected me,
who was always there for me no matter what.
You taught me right from wrong,
and pushed me to do the right thing,
even when it was hard to do.
You took care of me when I was sick,
and your love helped make me well.
You had rules,
and I learned that when I obeyed them,
my life was simpler, better, richer.
You were and are
the guiding light of my life.
My heart is filled with love for you,
my teacher, my friend, my mother.

– By Karl and Joanna Fuchs

Joe Murray’s Ohio Piper Cub flight

Posted By on May 13, 2012

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Archiving and supporting a aviation article
with Ohio connections – as in connecting airports:
KSU professor to attempt to land antique aircraft
in each of Ohio’s 88 counties – Local – Ohio

Posted via email from RichC’s posterous

Desultory - des-uhl-tawr-ee, -tohr-ee

  1. lacking in consistency, constancy, or visible order, disconnected; fitful: desultory conversation.
  2. digressing from or unconnected with the main subject; random: a desultory remark.