You may or may not remember the Dot.com bubble of 2000 if you are not old enough to be an investor then, but look at the chart below. If you have been reading my earlier posts, you would have remembered my comments re: We Work (1b revenue with 1b losses). We have now surpassed 2000 with the highest % of IPOs with losses- this is the sign of the times , US market regulators have allowed this to happen and we know that each time this happens, we are much closer to the end....because if business can be done this way in an unsustainable fashion, everyone would have done it. Just like negative yield bonds, where people who buy those bonds and wait till maturity actually get paid less than when they bought it, but they do so because there is always a greater fool to buy it off them before maturity. And as with these loss making IPOs, people are willing to lend them money to sustain their ever increasing deficit operation is because their sp continue to go higher on the basis of growth....but when this assumption turns on its head and investors including bond holders of these companies redeem and head for the exit, they are no longer going concerns,,....and we saw that happened when the dot.com bubble burst. The greater fool theory always ends in tears....we have had so many bubbles in the past..
