(For those who say I just don’t get it…get this)
Markets at record highs. So high they are still within a hares-breath of new, all-time, never before seen in the history of humanity, new highs. A Federal Reserve poised (that’s the working assumption and positioning currently within said “markets”) to cut rates, maybe announce more QE (quantitative easing) – the number two central bank, the ECB, has already announced its plans to further cut and add even more “whatever it takes” easy money and credit into the system, et cetera, et cetera, et cetera.
And what does this do to allow what can only be described as smooth, cool, stellar air to help raise a unicorn-of-unicorns known as a “deca-corn” for the perfect “wind beneath its wings” with its IPO debut?
Never mind what I say. Let’s see what the current headline crossing the wires just moments ago say, shall we? To wit:
Via the Wall Street Journal™, again just moments ago…
“WeWork Parent Expected To Postpone IPO”
“WeCo. Likely to scrap…” -WSJ
“WeWork’s parent is expected to postpone its initial public offering after investors questioned how much the company is worth and its corporate governance.”
And there you have it.
“Crying towels” anyone?
© 2019 Mark St.Cyr
Footnote: These “FTWSIJDGIGT” articles came into being when many of the topics I had opined on over the years were being openly criticized for “having no clue”. Yet, over the years, these insights came back around showing maybe I knew a little bit more than some were giving me credit for. It was my way of tongue-in-cheek as to not use the old “I told you so” analogy. I’m saying this purely for the benefit of those who may be new or reading here for the first time. I never wanted or want to seem like I’m doing the “Nah, nah, nah, nah, nah” type of response to my detractors. I’d rather let the chips fall – good or bad – and let readers decide the credibility of either side. Occasionally however, there are and have been times they do need to be pointed out, which is why these now have taken on a life of their own. (i.e., something of significance per se that may have a direct impact on one’s business etc., etc.) And readers, colleagues, and others have requested their continuance.