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A "New Issues" look
at the numbers in the book.
More fish on the hook.
We haven't seen a surge in New Issues like this since 1993 and a year later the markets had barely moved. These sorts of activity seem to take 12 to 18 months of zero slope markets to be assimilated by investors. For now it seems the peak has been reached.
Best wishes,
OAG
Spec Index returns
to its Median value
after risky spikes.
Since the Elections
to the Current Weekly gains
Market Breadth is Good.
The long period
of above average stock risk
says caution is wise.
Cumulative risk is calculated by taking the weekly difference between the
current risk level and the median level and adding or subtracting it from
the previous week's tally. A positive slope indicates above median risk
over extended periods of time. Such has been the case since the Covid-19
episode.
No room at this time
for disappointing Earnings,
Shareholders' yearnings
Too many new Stocks
is Dilution Pollution.
Indexes suffer.
OAG Tom
Stocks with Dividends
can be attractive sometimes.
Not so much right now!
Famous Investor
Alfred E Neuman, Esquire
is now worrying.
At Year's End F.O.M.O.
pushed Speculation Bearish.
Where will it go now?
"Where does Tree Climbing
fall on the Naughty/Nice List?
Santa still loves me!!!
from Laney Mae
The cliff beckons them.
They prepare the perfect dive.
No water below.
This is one of those rare times when "consensus", even if it's bullish, is
giving little comfort. Market valuations are bearish, speculation measures
as rampant and new stock issues are so plentiful it's nearly impossible to
keep track of them. It seems the latest group "The Lemmings" is performing
on Wall Street and everyone is singing along.
PS: the haiku is a retread from several years ago. It seemed appropriate
here. I think I'll go out for a slice of Lemming Meringue Pie!
Are there no bad bets?
Are stocks riding on Space-X?
Quick, seal the Hatches!
Market predictions
shows confidence in Earnings.
Can Business match them?
Robinhood Buyers
love betting on New Issues
not boring old stocks.
Consensus returns
in the post-Election surge.
Vaccine on its way...
Now back to Bullish.
Nicely done, that piece.
Efficient Market Theory
needs some adjustment!
Anticipation
of better Earnings to come.
How soon will we know?
Many New Issues
create dilutive pressure.
Other stocks suffer.
AI
