- At the Ira Sohn investment conference, Jeffrey Gundlach has set up for a Facebook (NASDAQ:FB) short, saying equity bubbles can be put to an end when the regulators get involved.
- He alludes to similar tops in when the U.S. tightened regulations on tobacco and on biotech.
- Facebook CEO Mark Zuckerberg has had his "Mike Dukakis tank moment," referring to a famous photo that dinged the campaign of the 1988 Democratic presidential nominee.
- Shares are up 0.3%, trimming from midday peak but still a bit above this morning's session low.
- #sohn2018