Investors have short term memory issues. Plainly, 2016 was turning out to be a year of complete shit, just like 2015 and 2014, up until the point when Donald Trump got elected President.
Prove me wrong.
The environment for risk has flipped on its head since November 5th. Stocks are at record highs, higher by double digits. Commodities are through the roof and consumer sentiment has picked up — all because America elected a person that The NY Times, Washington Post and the rest of the main stream media labeled as reprehensible.
Well, well, well, it looks like the shoe is in the other foot now and the media are the one’s who’ve proven to be untrustworthy scoundrels.
If market conditions persist, 2017 should be a great year for investment banks, as yield curves widen and the IPO market becomes active again. Judging by 2016s IPO market, the worst since the financial crisis, one would think the year had been a total bust. Not true. But by the time 2016 turned out to be anything worthwhile, we were too deep into the year to open up the IPO pipeline.
The fact that investment banks managed to outperform with that sort of IPO performance is a credit to management. I still don’t think the market truly understands Trump’s disdain for China and how it will disrupt the apple cart. But at a minimum, we should see the IPO market bounce back from a horrible 2016 — bringing with it those great big investment banking fees.
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You know the reason for the rally is simple – the election was a huge source of uncertainty.
Not true. It was the greatest short squeeze ever.
Or just the obli
Or just the obligatory final stage of a bull market before the Fed destroys it another time?
Don’t worry Mr.Fly.Donald is going to fuck you up
just as he fucked his many contractors whom he
refused to pay and then sued.
Yawn.
McDonalds USA. Where as PKD once said one day we will just sit there and pass around the same hamburger around to each other and call it an economy. Everything he predicted basically came true or in my opinion will come true one day. Either he was an alien from the future, a “glitch in the matrix”, a real damn lucky writer at SCI FI, or the FBI / Government made his fiction their playbook for reality. Could be any one of these. I have no evidence yet which one yet is the correct one.
If you did a good job at a reasonable price he wouldn’t have sued you.
high yield corporate debt was up big in 2016 way before The Donald, but yes, his win ushered in a new era of momentum….
Everyone shut up.
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Fly this is some good shit here. IPO’s are not existent but should be. Two main problems. No company is worthy of an IPO that I can see. Uber is growing but is bleeding money like a pig. I see nothing else which actually makes money Second they are too stupid to realized that once they do IPO and their stock tanks, which is good they can buy it back for a fraction of the amount they IPO’d for. Saw this happen with ULTA. Went from 32 to 4 in the course of 1 and a half years with phenominal growth and is now sitting at 260. A 4500 percent return. Bad timing for a growth company. Not in any way shape or form. Of course this company wasn’t a magical unicorn from the land of Star Trek but actually made a profit.