Thursday, February 25, 2016

It's like we've been stuck in 2009 for about two years.

According to data from FactSet's Andrew Birstingl, the number of initial public offerings (IPOs) on the US Stock market this year is at its lowest level since 2009.

"As of February 19, 2016, only three companies headquartered in the United States had gone public year-to-date, which marked the lowest number of IPOs over this time period (1/1-2/19) since 2009, when just 2 companies priced in the public market," said Birstingl in a note Thursday.

"At this point last year, 20 IPOs had already occurred, with Shake Shack and Box being the most notable names on that list.". Source.

Really, if you look at any financial headlines they all say "worst since 2009". This year, last year -same headline. And we all know 2009 was a fine year. Said in the most sarcastic way.  I even wrote about it in January of last year. It's like groundhog day for every company. Reliving the year 2009 over and over and over again.

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