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Let's get right to the market reaction to the forthcoming election the one in Florida that is.
Joining the company from Miami is -- a -- with money morning -- -- shot you -- in Miami Florida.
-- mall -- the political sentiment of the day in Florida is -- open all the polls tell us that Romney wins by double digits what are you hearing.
I'm hearing the same thing I can't lose a lot of folks over the last few days specially over the weekend I really went heart out of pocket folks -- which place I was that.
And the consensus is that Romney seems to be not only the -- -- -- but the likely candidate.
And how a lot of that is a reflection on going which and there's this lot of missing trust out there in terms of his history.
OK if if Rudy Mitt -- the candidate do you think that's a plus or a minus for investors not -- the country -- of voters but foreign investors.
Unfortunately I think it's neither I think it's just gonna create more volatility especially during the coming year.
I think as the political of the polarization of the above politics is going to increase the divide in the class warfare debate's gonna get even more heated.
I think we're gonna see more volatility in the market no one really knows which direction we're going to end up in the November.
Assuming the Romney's -- it's gonna be big banks and Wall Street once again against the liberal democratic side of things so it's gonna be even more volatile.
All right let's talk -- there -- -- overriding event that's coming up soon don't know exactly when but it's coming -- is the IPO all of FaceBook.
How is -- it is the question of the day I think how could the average investor like now view -- like Jerry myself.
Can we get a piece of FaceBook at the IPO price.
Highly unlikely Stuart though is that I think the shares -- FaceBook are going to be highly coveted in the IPO.
Realm and I think there's going to be worldwide demand -- so.
The investment bankers underwriters are going to -- those shares that -- they normally do to the -- favored a leaking clientele that they want to support.
So the -- -- -- unfortunate that the bias in the secondary market once it's released from the IPO.
That's seems like -- high.
I think this will be some -- -- system.
I think the sultan number the -- has at the IPO price should be submitted you could submit you all you know -- claim by lottery.
Just regular folks being able to get in what -- thank.
I agree on a percent and on your show a couple of months back we you and I discussed didn't and my recommendation or idea at least was that.
Zuckerberg should open up shares of availability terms of a lottery to FaceBook you -- -- -- they're the ones that have brought his copy to the forefront of -- that should be participating that he's not doing at least the last time but it's highly unlikely.
Now one of the one of the things on this program is that maybe that FaceBook IPO could ignite a technology rally may be even -- the overall economy so here's my question.
If you who shot -- -- if you could buy it FaceBook -- the IPO price right therapy opening price the price would you buy it.
I would if I could bite at the IPO price I definitely would -- -- but I would probably be a flipper I would probably exit on a nice rally up.
Really so you have no -- his FaceBook long term.
Really the long term yes I think the markets is too volatile I think the text faces little overheated right now and I think -- might be the top of the market the other.
IPOs have come out of not done well and there's been a lot of interest in social media space but none of them have really performed up to expectations I think -- but -- -- in the short run in the long run it depends what they do with the business model it's an incredibly fantastic model long term I think it's probably Google.
Okay -- -- -- always interesting and I love that background looks like sunny and warm down and we like that's the rifle here they're.
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