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The stock market is vanishing

• greenyoda 10y ago
  "The number of firms with shares publicly listed in the University of Chicago's Center for Research in Security Prices aggregate index has fallen to 3,267 from a peak of 6,364 in 1997." 1997 is an interesting year to pick as a benchmark, since it was in the middle of the internet bubble. In those days, lots of companies that had no business going public (e.g., no conceivable path to profitability) were going public. Over the following years, these companies died off. It's probably a good thing that such companies are not going public anymore.