What we have is 1987 bullish sentiment. Y2K Tech risk. 2008 deflation risk. 2008 retail implosion. 2011 Fed rolloff risk. 2014 EM risk. 2015 rate rise risk. All bundled together with an unprecedented volatility hair trigger.
Remember two years ago? It was a crisis on Wall Street:
Well, there's good news:
I fully understand why young people ~20-somethings are chasing BitCasino and otherwise throwing their money away at the top. I did it back in Y2K, and it was a lot of fun, right up until it wasn't. However, Baby Boomers and the Gen-X zombies have no fucking excuse whatsoever. They have amply proven that they can be conned over and over again, like a fucking ATM machine for Wall Street...
This piece of shit opened at $9, leaving hedge fund bagholders stranded:
But it wasn't just Funko that imploded, two other IPOs late in the week opened below their IPO price:
Priced at $14
Also priced at $14
The second biggest flop since Y2K, brings back memories of October 2014 back when Alibabylon imploded the market: