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"NASDAQ bubble" tag
nasdaq

Nasdaq, “Tech,” & IPOs are in for Gut-Wrencher

Nasdaq down 24% already. Renaissance IPO ETF down 31%. But Uber and other unicorns are planning record IPOs in 2019, à la dotcom-crash-debut in 2000. The IPO hype machine has produced some very successful companies...

The QE Sandpile

Sell in May and go away? What about “risk off?” And ever more QE? Today’s letter is a quick note and a reprise of a popular letter from yesteryear (with a bit of new slant),...

 

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