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Trade. the microenvironment has not changed and he seized all of a fat that s very conciliatory. we have a low tax environment right there and a good regulation environment. we have full employment. there are some headwinds. we are growing at 2% g percent gdp growth that continues for the fourth straight quarter but when you compare to the rest of the world we are bar for the rest best place to invest and that s not changing. charles: gary b smith, but 15 years ago a guy told me a word called parabolic. his name was gary b smith. this is almost exactly like that parabolic, it was 15 or 17 years ago. they were the first person i heard views that were dissociated to stock market where it goes straight up. are we in that environment right now? it s funny you say that, charles. i was just looking at the charts before we came on and it does kind of look like that. it has that curve forages seems to go straight up. ....
Obama by $26 million. that doesn t include money from the super pacs that have taken over. carl cameron is our main political guy. he is in new york city this afternoon. welcome to new york, with no campaign stuff today. what is he up to? carl: he is campaigning. $5 million today puts him in excess of $400 million raised for the general election now. as the jets owner and a predominant fundraiser said they are only halfway there. he would like to put in another $400 million the remaining 13 weeks. shepard: have the super pac s taken over the whole process or are we making a big deal out of the it? carl: it is not all that different, there is less accountability because the money and donors are not as transparent. there is a progression of spending and nasty attack ads from special interest groups if years. they are working under a different regulation environment. but compared to history it is ....
collaborative fund, an early facebook investor. all right. so there are four kinds of investors viewing for a cut of this ipo. early stage investors like craig, they got involved a long time ago. institutional investors, the people who will buy it before it goes public, high net worth retail investors, relatively rich people who trade often, and then there s everybody else, the average joe retail investor. that s likely most of you out there. starting with ned i want to go one at a time. ned, good to see you, my friend. we ll talk later about whether one should or shouldn t buy this. what do you think a retail investor who gets opt their trading platform at 9:00 on friday will be likely to pay for facebook when it opens? you know, you said $90 a share, i said a 50% premium. this is one of those situations depends how much stock by the way, craig, i want to congratulate you. this is incredible. you must be waiting for next friday. as a retail investor i wouldn t appr ....