The bullish stock market in 2013 has fueled a surge in IPOs over the past six weeks as $5.2 billion has been raised by 26 new companies. The fact that Facebook, Inc. (FB) has finally moved above its initial offering price has also reassured investors. The major averages are flat to up slightly for the month after last week's decline. As I concluded last week, one should not expect August to match the outstanding gains that we saw in July. The slight weakness early last week made many commentator...
The bullish stock market in 2013 has fueled a surge in IPOs over the past six weeks as $5.2 billion has been raised by 26 new companies. The fact that Facebook, Inc. (FB) has finally moved above its initial offering price has also reassured investors. The major averages are flat to up slightly for the month after last week's decline. As I concluded last week, one should not expect August to match the outstanding gains that we saw in July. The slight weakness early last week made many commentator...
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