In Menlo Park, California--it had the feeling of being at a rock concert.

Facebook CEO Mark Zuckerberg rang the opening bell for NASDAQ as they made their debut under the ticker symbol FB.

After an initial problem getting started, it took 15 minutes before the initial IPO of $38 was offered.  Even with an opening price of $42.05 per share, most analysts were hoping for a level between $25 to $30 to engage in more public interest.

$38 per share, as Facebook looks to join in the leagues of IBM and UPS as America's largest initial IPO's in history.

The first bits are scheduled to go public at 10:45 a.m. Eastern and the first trades will go public at approximately 11 a.m. Eastern time.

Historic day coming up--even though stocks again failed to hang on to any gains from earlier in the day.  Oil went down another quarter, to around $93.25 per barrel, but gold managed to spike a bit upward.

Oil is now below $93, down $1.17 for the day.

Housing starts inched upwards by 2.6 percent.

That was the only good news on Wednesday, as stocks continued to lag behind in the red for the tenth time in the last eleven sessions.

Even with J.R. Ewing, Larry Hagman himself and the revised cast of TNT's Dallas series on hand to ring the closing bell at the NASDAQ Headquarters--things could have been worse.

Nonetheless, J.C. Penney's earnings were very lackluster and very little good news came out from J.P. Morgan Chase and Yahoo once again has a new leader hoping to right the ship.

Bottom line, the only good thing--oil continues to go down, decreasing another $1.25 to end up the day at just above $93 per barrel.  Sure hope that leads to a small break in the heating bills for the northern half of the country--since it feels like having two seasons in the same day:  summer by day, winter by night.

You have to feel for Scott Thompson, the former CEO who made PayPal a very legitimate and honest online company (and I don't say that lightly because of my work in small business).

What he did in his very brief time as former Yahoo CEO was simply dumb.  Uncalled for.  Very stupid.

As my late father would have said:

Oil finished at $95.65, down $1.43 for the day and 2.4 percent for the week.

Consumer sentiment also did pretty well at 77.8, excluding food and energy.

Outside of that, stocks finished lower again thanks to an SEC investigation of J.P. Morgan Chase.

I would be remiss if all women who use these hair and salon products lost a giant today.  Vidal Sassoon was 84 and created a line of products truly beloved by ladies the world over.

Even his commercials were legendary, that much I can say.

May his memories live on in every hair salon and his commericals on YouTube forever more.

Only 115,000 new jobs were created in April, according to the Labor Department.  Most experts were hoping for at least 170,000 jobs.

The unemployment rate went down slightly to 8.1 percent, down from 8.2 mostly because of the discouraged workers--those are in the labor force who once looked for jobs but who have quit looking for a considerable period of time.

Most CEO's are not hiring due to the fact that there is so much uncertainty with this economy.  It is not like during 1981 to 1983 with 21 percent interest rates and job creation was through the roof during the time of Michael Jackson when he was dancing to the beat on MTV.  But with the price of oil going down below $100 per barrel at $98.35, down $4.07 for the day--there might be some hope as the college graduates attempt to take their place in pounding the pavement, whether virtually or not.

Facebook will launch their IPO in the coming days.

The key nuts and bolts, according to Shibani Joshi at Fox Business:

The initial stocks will go to the high-end investors.   Every key player in and around Silicon Valley will have a stake after CEO Mark Zuckerberg maintains his 57.4 percent stakehold in the company.

This is the best streak in over five years.

The magic number that Liz Claman touted in the final hour of trading on Monday was 13,212.04.

It was down under 13,200 until with a few minutes remaining.  By the time the final numbers settled shortly after 4 p.m. Eastern time, a collective "whewwwwww" could be felt all over the markets: