Every now and then we get a sign.
Debris from the collapse hits investors left and right.
Two treacherous forces, with impeccable timing.
An ugly time for IPO stocks.
We hear a sharp hissing sound.
Party over: “Pent-up supply” in a world with no demand.
Watching it happen right before our eyes.
“Periods like this are pretty much your worst nightmares.”
Beyond the obvious victims…
IPOs would overwhelm the stock market. Last time this happened: 2000.