Dot-Com 2.0 Visualized (Or Peak Greater Fool)
While central bankers, asset-gatherers, and TV 'personalities' remain nonchalant of stocks being in a bubble, some are positively vociferous over the manipulated mania US investors are currently re-experiencing. Until the last few months, the new dot-com bubble had been quietly hidden behind the walls of the private equity world (as we noted here), but as the following chart shows, the bankers have found a willing audience for 'stories' and 'spin' as the percentage of firms IPOing with negative earnings soars to its highest since Feb 2000... that didn't end well and we suspect "peak-greater-fool" won't this time either.
h/t Bloomberg and Sentiment Trader
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