Just Take My Money
Just Take My Money. The following commentary and Chart are from our friend Jason Goepfert of SentimenTrader.com. The Wall Street Journal noted that there was a surge in blank-check IPOs last year. These are open-ended stock market securities where investors give money to the operators to basically do whatever they want. We only see demand for these securities during periods in the market of extreme risk appetite. A rolling 12-month sum of these stock market IPOs is only now starting to curl lower.