Notice anything similar about these two charts?
Just about identical, right?
Well, one of them is LinkedIn (LNKD), which went public a month ago. The other is Pandora (P), which went public just hours ago. So one of the charts is made up of a month's worth of data and the other is just a few hours' worth.
Yet they both appear just about identical – – suckers buying at the top on IPO day and then just getting hammered.
People never learn. Ever.
I can't wait until Facebook finally comes out with its IPO and we can start a sustained, devastating, worldwide bear market with cataclysmic consequences for all the global economic powers. It's going to be like nonstop sex with an all-you-can-eat buffet. Then life will finally be worth living.