3/2/2024 0 Comments Market euphoria meaningIf it worked, we wouldn't have seen these stocks soar on their opening days. The idea was to have investors bid a price in the hopes that the actual IPO price would come close to the true market value at launch. ![]() These companies each used a special "hybrid auction" to allocate shares to investors. Last month, DoorDash (DASH) and Airbnb (ABNB) both went public. And the same thing is happening today in many high-profile IPOs. Many of those stocks would soar triple digits on their opening day. Hundreds of companies went public because money was flowing and times were good. IPOs were a major theme of the tech bubble. And it's more than 50% higher than what we saw in 2014, the second-biggest IPO year of the last decade. That's the highest we've seen since 1999. or more specifically, when valuations are high. The first obvious clue is the initial public offering ("IPO") market.Ĭompanies tend to come to market when times are good. Proof of the Melt Up is everywhere today. and more important, what it means for your money now. Today, I'll share the signs of what's happening. ![]() ![]() But there's plenty of hard evidence to back it up, too. Sentiment is as much a feeling as it is a tangible thing. If you've been watching the markets, I'm guessing you can feel it. The stock market Melt Up is here – and so is the euphoria that goes along with it. And since then, this setup has never been clearer than it is today. I first wrote about the potential for a stock market Melt Up in 2015.
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