Thursday, March 19, 2015

We've Never Seen This Level of Risk

The Centrally Planned chasm between reality and fantasy is unprecedented

Nasdaq Internals
There are 72 IPO lockup expirations in the next 10 weeks


The world's largest IPO had a lockup expiration yesterday. There's a bigger one in September:



Stock and flow: only the constant stream of fools willing to throw their life savings away keeps this shit show levitated. It's their last party, may as well let them enjoy it.