The weekly Market Update is posted at Alpha Baskets and includes the following;
Snap, the maker of the Snapchat app of course filed to go public. This has certainly been a much anticipated event but it makes us wonder whether it could be a launch pad for the market to propel to higher levels or serve as a bell-ringing like the big AOL merger back in 2000…or neither. We do know that there is no visibility now for profitability and the shares issued in the IPO will have no voting rights.
Please click through to read the entire update.
NASCAR race in Phoenix a couple of years ago
Near Marble Canyon on the way to the North Rim of the Grand Canyon