I stumbled upon this chart of AACT and just had to share it, since it makes my bearish heart go pitter-pat.

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I stumbled upon this chart of AACT and just had to share it, since it makes my bearish heart go pitter-pat.

I guess folks still think IPOs are a great way to get in on the ground floor, even with a market that is so preposterously overvalued that it makes me want to jump off the highest radio tower.

The permabulls at Zerohedge (which obviously are little more than a mouthpiece for Goldman, whom they parrot endlessly) are 100% guaranteed to be right. These posts were just minutes apart:

Our friends in Gainesville have, I think, gone off the deep end. Since every single chart they’ve shown for weeks, months, and years shows the top is just a liiiiiiiiiiiiiiiiiiiiiiiiiiiitle bit beyond present price levels, and it never turns out to be true, now they’re stopped to this level of utter silliness:
