Ali Baba and the 40 Thieves, Ali Baba and the 40 Thieves, ....They are trying to hold the market together for this ridiculous IPO. The largest IPO in history on this POS! We have to laugh. Wall Street will make a large fortune off this deal if they can hold the market together. The IWM ETF and small-cap growth stocks are getting crushed and they are still extremely expensive. The Russell 2000 will break all support soon. Almost 1/2 the stocks are in a bear market and "The Index" is on tissue thin footing. "How long do you think a wet, single-ply piece of toilet paper will hold up the 10-ton Elephant that is tight-roping across The Grand Canyon"
That statement says it all. Back to the music...Ali Baba and the 40 Thieves...We love The Beastie Boys tunes.
We wouldn't even consider 90% of all stocks in the market right now. It would have to take at least a 15% correction in all equity indexes to even glance at stock prices to see if we even want to take a gamble. If it doesn't happen soon, take the spring and summer off and enjoy the weather. Wall Street will;)
