As Facebook
continues its preparations in going public, a new month started, and with a new
month offers new hope. Is the new hope, false hope? With a shorter than normal
month(but longer than most Februaries due to it being a leap year), the Stock
Market rallied today. Some encouraging news globally was perhaps a key
motivator for this change.
Stock
Market Report 2/1/12: Another Month
Last month had days that were
equal parts strong and weak. There were rallies, slumps, and just days were
stocks remained flat. The stock market has increased across the board for
today, as those in Wall Street prepare for a fresh month. A fresh month with
some fresh hope and hopefully some news that is encouraging. Global
manufacturing has spiked, but there are other areas that are a bit weaker than
we would have assumed.
Facebook is going to be a huge
part of the stock exchange no doubt. Whether it will be a new day for the
company or just the beginning of the end will be something that we will take a
look at in the coming weeks. Internet companies tend to be something of double edged
sword. The dot com high rise and then high fall of the late 1990s and early
2000s could be one of the commanding factors to the state the stock market is.
Yet Facebook is a household name.
For better or for worse, a lot of people use Facebook, so in many ways,
offering stock is the next move. Perhaps a calculated risk that might pay off
in the end. Facebook has a chance to boom big and flame out just as quickly as
you could imagine. As today’s rally has been encouraging, tomorrow is always
another day, but hopefully this will be a week in general where we end on a
positive note, as we conclude looking at where we stand financially going into
February of 2012.
Until tomorrow remember as always
to do your homework and invest wisely.
Dow Jones: 12,714.65(+81.74)
Nasdaq: 2,848.27(+34.83)
S and P 500: 1,324.07(+11.68)
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