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Facebook a Black Eye for Equities Industry?

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  • Description

    FBN’s Sandra Smith on traders’ views of the Facebook IPO.

  • Duration 1:38
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This transcript is automatically generated

Let's go to standard -- At the New York Stock Exchange.

Where the bargains -- -- -- it looked like it was really gonna go south.

Then it recovered a little bit -- not too bad it's down about fifteen points on the Dow.

-- euphoria over that better than expecting existing home sales reports sort of went away as we entered into the final minutes of -- and actually started to turn negative the NASDAQ really spearheaded.

That turn into negative territory but the concern is on the table.

About Greece after we've gotten over all the -- -- -- that housing data.

Everyone's going back to the -- fundamentals in the concerns about Europe and that's what traders are saying while we're selling off its.

Ended a close -- by the way and unless and David this is never a good sign.

Opt for the bulls out there when you close at the lows of the session.

Now and let me ask -- base because well we're just talking about -- -- -- every trader that I talked to says they don't wanna go anywhere near this stock when I say.

Below thirty -- twenty -- why give me a number of water traders down -- -- you.

I'm and that is the thing here from Rogers and -- about the called FaceBook thing as they feel like that was a sort of a black eye for the equities industry there are hoping ambled back into the stock market so there is nice group stop.

-- think -- either way we're gonna be ask you Bob Iger the chairman of Disney what he thinks about.

Since truck in the whole social networking thing but JPMorgan.

Really recovering quite a bit that's a good news story today.

I don't exactly bike -- await the best performer in and the death in the Dow today guy tell you one of the first things I heard when I got -- so why does nothing leading edge out.

A lot of traders said that that selloff was over and -- at this on the economy may think people come back.

They've lost 25 billion market cap based on the loss of about -- billions -- met up for the.

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