Chart Of The Day: It's Worse Than 2000!

Tyler Durden's picture

All too often investors are bombarded with bullshit presented as facts by talking heads in constant denial and forever protecting their commissions - as opposed to protecting their client's interests. One notable case in point is the "it's different this time" meme surrounding IPOs and their apparent 'realness' in the current new normal vs the 199/2000 dotcom boom/bust. As the following chart shows: yes, this time is different - there has never, ever, been a greater perecentage of unprofitable companies IPOing...

 

h/t @Lach1435


So, talking head bullshit or fact-based data? You decide...

 

Source: Sentimentrader.com

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knukles's picture

Even surpassing DotCom 1 and 2, eh?  And them thar had a whole bunches and bunches companies trading at 1,755.3X their cash burn rate. 
Remember, "You just don't get it!" was the mantra way back yonder down that holler.

ilion's picture

This seems very bullish to me.

Dr. Engali's picture

Eyeballs bitchez! We need moar eyeballs.

KnuckleDragger-X's picture

I got out of the market 8 months before the dot com crash for just this reason. Now they are doing it again and bigger. This isn't ancient history, it is relatively fresh, so I figure there's a secret competition to see who can crash their market sector first.....

El Vaquero's picture

And "you just don't get it!" is the mantra today, just as it was with the housing bubble.  Just ask Mike Norman. 

smartmil's picture

America is usually the initiator of War. That being said, it is common knowledge that America is most vulnerable at the end of a Democratic administration. I wouldn’t be surprised to see another major terrorist attack in the U.S soon. If Greece burns down it might cause some war in the EU. Other than these two possibilities, I do not foresee any war possibility in the near future.

wmbz's picture

Yep, it's all bullshit, but that makes no difference. Facts are fantasy and vice-versa.

Reality flew the coupe a long time ago, we live in a fantasy world, the truth is nothing but a word in the dictionary!

bahaar's picture

You mean stocks and stones...right?

Dr. Engali's picture

Profits.... lol, profits are so 20th century. In the new and improved eCONomy old Yeller just prints up some profits when needed. 

agstacks's picture

They make it up with volume, now..

NoDebt's picture

History does not repeat, although it does rhyme.

Which is bullshit.  This is a carbon copy tech bubble repeat.  

They haven't even changed the terminology.  You could time travel from 2000 to now and understand everything they're saying about "eyeballs" and advertising revenue and everything being "on plan", "synergies", economies of scale, cost-per-click and market presence.  Its so boring you don't even need a translator.

Its Only Rock N Roll's picture

Why does it happen?  A whole new batch of wall street "professionals" who weren't even driving a car when that happened. 

 

Rainman's picture

You'll know for sure you're down to the bottom of the rabbit hole when Pets.com comes roaring back !

Stormtrooper's picture

How about this one- Preppers.com?  All your survival supplies from one source.

gdiamond22's picture

I'll feel better about going short when that number hits 100%

ghostzapper's picture

Nailgun.com set to debut next week.  Should be worth about $87654789 B . . . . . . . at least.  

847328_3527's picture

I'm hoping to IPO my corporation next year depsite the headwinds. Our product is Freshly Bottled Dog Farts from my lab and my Pomerain dogs who smell like week old escobar when they fart. Free shipping and you can get the moist farts [vs the dry farts] for an extra $2.00!

 

I'm guessing Moodies will give me a AAA+ because my corp smells to high heaven.

BoPeople's picture
BoPeople (not verified) Jun 1, 2015 2:48 PM

One would think that the above mentioned kind of fraud would be illegal.

Sudden Debt's picture

3th time is the charm I guess...

Ajax_USB_Port_Repair_Service_'s picture

IMO they need to get the cash SP to 2115 to give the chart a remotely bullish tone. With 5 minutes to go, they better start the ramp !

vote_libertarian_party's picture

But they are ALLLLL profitable after adjustments.

BeaverCream's picture

He IPOd in her face.

Consuelo's picture

Aw - now you got me all nostalgic for the 90's again...

 

http://dack.com/web/bullshit.html

WTFRLY's picture

At least they are in the right ATM line unlike a lotta these other suckers.

lordbyroniv's picture

Its all good.  Looks like a "permanent plateau" to me.

A is A's picture

"We unprofitable IPOed some folks..."

Seal's picture

I increasingly think this wil end with an exogenous event

orangegeek's picture

Retro IPO next week - etoys will launch at $60 per share.

 

 

FUCK YA!!!!!!!!!!!!