(Reuters) - Just when brokers thought Mom-and-Pop investors were getting excited about the stock market, along came Facebook.
The 17 percent plunge in Facebook's shares since its ballyhooed debut last Friday, coupled with Nasdaq's mishandling of opening day trading, is spooking the very investors who had seemed the most intrigued by the offering, said Wall Street executives.
[...]
Investors poured $33.5 billion of net new money into U.S. stock mutual funds in the first quarter, according to Thomson Reuters Lipper. In the last three weeks, however, they pulled out $16.3 billion.
Facebook flop hurts small investors trust in stocks | Reuters.
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About Tom Usher
Mini-Biography: Vision for the Organization: (We must bring forth fruits worthy of repentance. The giving and sharing economy is the right system for running the whole household of Heaven and Earth.) Arcticles: (Thousands of online articles.) Employment: (2007 - Present: President: RLCC.) (1995 - Present: Independent contracting; Website developing; Writing.) (1993 - 1995: Factors International/Bradbury Hill International Finance.) Education: (City University, Olympia: Bellevue. Graduate Studies: Public Administration. Organizational Theory/Design.) (Arizona State University. BS, Political Science.) (Northern Arizona University.)
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