Facebook's much anticipated over-hyped and overvalued IPO did not go as planned. Opened at $38. Closed at $38.23. Currently valuation= 88 P/E. LOL
The market sell-off continued with the Dow falling 73 to close at 12,369.
Rough week! Market was five days in the red for a total loss of 4.3%.
Is the market oversold?
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