9 ms·
Evidence we are not in a bubble and that markets are mostly sane currently.
by nemo44x 7y ago
Evidence we are not in a bubble and that markets are mostly sane currently.
- ruperp 7y agoEvidence against?
- nemo44x 7y agoA bubbly, insane market would jump on this "before it's too late!". What we are seeing here is a market reaction that says "we reject your insane valuation, cut it in half.".
- JohnJamesRambo 7y agoInteresting viewpoint. I took this news as confirmation that we are entering a recession and people won’t pay for just garbage and a dream anymore. Euphoria is waning and reality is setting in on the boom bust cycle.
- dboreham 7y agoI came here to post the opposite: cancellation of frothy IPOs is a good sign of a coming downturn, isn't it?
- mikestew 7y agoThe market currently appears to be saying, “ya know, if we were in a bubble, I might buy your stinky shit. But because we’re not in a bubble, and I have no great FOMO, I’m going to take a pass on your stinky turd of an IPO.” Another way of looking at it, anyway. I have no insight one way or the other.
- r00fus 7y agoThat's because WeWork is obviously bad. But what about other, not so obvious bad-bets?
- rchaud 7y agoIt could also be evidence that WeWork tried to get away with too much with their S-1. Has there been a company in recent memory whose IPO efforts were dogged with this much baggage?
- beager 7y agoSure, but from your statement "not in a bubble" could just as easily mean "in the wake of a burst bubble" and "markets are mostly sane currently" could just as easily mean "markets are reacting to a damaging period of insanity".