In Silver Blaze, Arthur Conan Doyle's detective Sherlock Holmes is famous for the following observation:
Inspector Gregory: "Is there any point to which you would wish to draw my attention?"
Holmes: "To the curious incident of the dog in the night-time."
Gregory: "The dog did nothing in the night-time."
Holmes: "That was the curious incident."
When something expected does not occur, the failure can be very important. Today's Facebook IPO was perhaps the most anticipated event in the last financial year. As this Associated Press story from Yahoo News shows, the event was a huge letdown.
COTTonLINE is not a financial blog, it isn't our expertise. That said, something big that was supposed to happen ... didn't happen. A "dog" that was supposed to bark its head off, failed to make much noise.
Perhaps the expected excitement will surface Monday or Tuesday. If it does not, then this event should be treated as an omen. An omen of just what, I'm not sure. Something bad, I expect.
