Investors hum to frenzied beat of the IPO gold rush

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(08-11-2010, 07:23 AM)Musicwhiz Wrote: Possibly yet another indication of impending exuberance? Huh

Not quite, not quite.

My personal warning indicator is when you hear all those Taxi drivers, Uncles at Kopitiam, Fish seller, Butcher, Cleaning lady, Kopi lady, aunties, uncles and mothers telling you how to pick stocks.

That's really the time to start being worried. This is more like people going to buy $5mil dollar TOTO. Prize too big too ignore to pass up a chance to take a punt. The scary part is when non-investors start becoming 'experts' too.

That's when you know the Greater Fool Theory has run out of fools.
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RE: Investors hum to frenzied beat of the IPO gold rush - by kazukirai - 08-11-2010, 09:34 AM

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