|Written by L.A. Little|
|Tuesday, 10 April 2012 03:34|
As the Facebook IPO fervor starts to heat up more and more press goes to how you can play the deal. Everyone wants free money. What else is new. But Wall Street doesn't give out free money to the common folks. Wall Street figures out a way to sell you a dream and take your money. This is no different. The free money, if it exists, surrounds the invisible hand that holds the market up as a result of the deal coming. There's no way the large investment brokers are going to let this market fall hard in front of such a beg deal if they can help it. They need to place all that paper first and pocket their free money.
So if you are looking for an angle, but the dips until this IPO gets placed and shortly thereafter. Once that's done, the market can be allowed down off its high horse. Until, its the same game they always play.
As for the markets, they pushed into support yesterday on a gap down off the employment numbers. There were no large sellers and thus this market should try to find a way to work higher as a result.