I happened to come across an article this afternoon describing the desperate attempts for firms seeking to go public to get it done while “market conditions” allow. If memory serves correctly, five firms cancelled their IPOs last Friday since the market had the audacity to be down slightly. (more…)
My town has changed. When I first came here, in 1984, it was a pretty standard college town. Sure, the houses were kind of pricey, but the look and feel of the place wasn’t that much different than you’d probably get in any other town next to a big, well-known college.
But things have changed a lot lately. And I’ve got to say, the kinds of changes I’m seeing weren’t really apparent during the Internet bubble. For some reason, the self-importance and money-worship didn’t really take root until recently, after the financial crisis. (more…)
Long-time readers know I take a strange pride in never having owned an American car. Even as a youngster, I recognized them as crap on four wheels. And for those who say, “But Tim! Yes, you! Tim! Over here! Hi! Your Tesla is American!” No, it isn’t. It’s Silicon Valleyian. A Tesla product is as far removed from the decades of Detroit garbage as one can imagine.
Back on February 24th, when it was an $80 stock, I discussed how retarded the whole 3-D printing concept was and how DDD should be shorted. Well, it has lost nearly 50% of its value from its peak, and this has proved once again to be a pure MoMo stock that sucked in a lot of – - well – - suckers. It’s pretty badly oversold now, but I thought I’d just point and laugh for a bit.
How can a pathetic little one-man blog know more than giant firms with millions and millions of dollars of financial backing and a huge staff of employees? It’s sad.
Case in point: I saw this on my Twitter stream: