NEW YORK ( TheStreet) -- In the world of investing, people tend to see only what they want to see, which can cause a world of pain. On this turf, "what you see is what you get" has never worked. "Due diligence" rules, as corporations have become highly skilled at pretending to be something they are not. One primary example being Enron, which not only brought increased scrutiny to corporate disclosures, but generated a new breed of investors filled with pessimism and mistrust toward Wall Street.There continues to be a fallout surrounding the Facebook (FB - Get Report) IPO, where even Robert Greifeld, the CEO of Nasdaq, is offering up apologies and considering ways to repair damages to brokers who suffered losses, particularly due to Nasdaq's "technical problems," among other things. However, in typical Wall Street fashion, these same brokers insist that the financial terms that have been hinted upon are not enough to cover what has been estimated to be over $100 million in losses.
Facebook: Smells Like Enron
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
David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.
- 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.