From IPO to REPO

Human memory seems short, doesn’t it? During a relatively brief career, I have experienced three major market corrections – obviously all for different reasons. Someone once said that happy families are all alike, but every unhappy family is unhappy in its own way – markets are the opposite! Markets are “happy” for different reasons. Shortly after the Dotcom crash during early 2000, I read this headline “From IPO to REPO” (from initial public offerings on the Nasdaq to assets being repossessed). The excesses of the technology boom stuck with me.

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