Markets: Facebook unfriended

After last week's FOMC statement, Dennis Gartman wrote that he had gone "from 'agnostic' to bearish of equities." At the time, he also wrote that he would "punt in the very short term on the short side of gold."

Maybe you lost this in the New Year's shuffle like we did, but the Wall Street Journal blog, Deal Journal put out its list of the biggest losers of 2012 and almost all of them are Wall Streeters.

By Simon Johnson The Securities and Exchange Commission (SEC) under Mary Shapiro is trying to escape a difficult legacy – over the past two decades, the once proud agency was effectively captured by the very Wall Street firms it was supposed to regulate.

New York's attorney general subpoenas eight banks and three ratings firms on their actions involving mortgage-backed securities. The investigation that has been focused on Wall Street titan Goldman Sachs Group Inc.

(stevendepolo)

Last month I released an update to our Facebook IPO analysis (subscribers may download it here FaceBook IPO & Valuation Note Update). In its caveats section, I made pains to make very clear that one of the biggest threats to Facebook investors actually emanates from within, to wit: