A Tale Of Two Stock Exchanges...

There’s buzz today about the NYSE making a press for Facebook to switch stock exchanges, since its IPO flopped and there were technical issues on the first day.

No surprise then: Shares in NYSE Euronext are trouncing shares in NASDAQ today.

In both charts, the NYSE is the blue line.

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Meanwhile, check out the 5 day chart.

The NASDAQ is down 6%. The NYSE is positive.

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Looks like a classic “winner’s curse” for the NASDAQ.

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