NEW YORK ( TheStreet) -- Welcome to the castle: The Facebook (FB - Get Report) IPO has now embodied all the worst that Wall Street represents and the massive irony is that it has done it with the vanguard application of the "one percenters" and "Occupy Wall Street" crowd -- the social network app that supported the Arab Spring and Chinese dissidents.But even more, we are now all tied to this public offering, and perhaps the confidence in our recovery and the health of our economy might actually stand in the balance of it's success. That's how much hype the Facebook deal has been endowed with, and how much our system of capital allotment has invested in this one company. If this deal fails, I predict we're in for a far greater fall this summer in our markets.
Facebook IPO: God Help Us All
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.