And muppetology aside -- this Facebook case may illustrate some problems with another funny wall street term: Chinese Wall. Chinese Wall refers to the hypothetical barrier that is supposed to exist on Wall Street, separating research analysts from investment bankers. Remember, Washington tore down this wall entirely in some cases with the mis-named "Jobs Act," but not many independent analysts worth their salt believe that it ever was not compromised to begin with. Reggie Middleton should know. He has been going toe to toe with analysts on that wall, blasting their research and punching holes right through their bogus analysis.
And with all these terms floating around today, we thought it would be perfect to bring back our popularly demanded "Word of the Day" segment. Today's Word is, appropriately enough, "Herd Mentality." After all, if you think as part of the herd, you are gonna end up a muppet with your face torn off. Maybe the Facebook IPO should have been called "Faceoff IPO?"