Fool’s Fractal

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Notice anything similar about these two charts?

0615-p

0615-lnkd

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.

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