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Facebook’s Long-Term Problem

Facebook went public a week ago, to great embarrassment…

In the long term, Facebook’s ambition is to succeed Google (or Apple, depending on how you see it) as the dominant company on the Internet. And that’s where its real problems lie…

The problem is that Facebook has already gone and messed up its core value proposition. At the beginning, the potentially great thing about Facebook was that you could use it to share personal information, stories, and photos with your friends, replacing the “new baby” email blast and solving a real problem that people face in our data-heavy world…

But Facebook no longer solves that problem…

For most of Facebook’s hundreds of millions of “active users,” it’s just another content site: a place to waste a few hours (often in class) watching videos or reading funny articles. And that’s not much of a platform for anything…

Read the entire post at The Baseline ScenarioView original post.


This Week Will Tell If The Bear is Really Coming Out of Hibernation

 
Last week’s selloff did less damage than it may have felt like. The drop stopped in the area of 3 crossing uptrend lines, ranging in length from short term to long term. Here’s what would tell us whether the uptrend is still in force, or signal that something evil this way comes. I have added 8 new stocks to the swing trade chart pick list, including 2 shorts.

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