http://www.bloomberg.com/news/2011-06-22/no-emerging-market-linkedins-as-inflation-curbs-ipos-from-russia-to-brazil.html
While Brazil’s stock exchange chief, Russia’s biggest underwriter and India’s government projected IPOs would rise threefold this year to $64 billion, issues are falling. Brazil dropped 29 percent from the year before to $2.7 billion and India sank 74 percent to $753 million, the least for the period for both since 2009, data compiled by bourses and Bloomberg show. Russia rose 16 percent to $3.3 billion and China slid 4.3 percent to $32 billion.
SS says
I v called this COGNITIVE BIAS OF LINEAR INTERPOLATION
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While Brazil’s stock exchange chief, Russia’s biggest underwriter and India’s government projected IPOs would rise threefold this year to $64 billion, issues are falling. Brazil dropped 29 percent from the year before to $2.7 billion and India sank 74 percent to $753 million, the least for the period for both since 2009, data compiled by bourses and Bloomberg show. Russia rose 16 percent to $3.3 billion and China slid 4.3 percent to $32 billion.
SS says
I v called this COGNITIVE BIAS OF LINEAR INTERPOLATION
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