Friday, 17 December 2010

US IPO Indicator ?

Amongst the top 5 largest IPO's in US , Visa IPOed in March 2008.
That marked the top of the US market in 2008.

Could the GM IPO in 2010 , mark the top of the market in 2010/2011.
We shall see and time will tell.

It has been seen that extremes in sentiment usually do coincide in large IPO's.
We have seen both happen now.

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