The sound of the IPO window breaking

No matter what happens to the stock market from here you can at least be sure that the massive IPO month flagged for by all the brokers in May are now guaranteed not going to happen. That crashing sound you just heard was the IPO window not closing but being completely broken. Apart from the past week's price action, it has been extremely difficult to see why investors would desire to put new money into healthy fresh new stories when many existing midcaps completely implodes. Appetite to buy "Tomorrow Stories" have been very close to zero. And seems likely to stay that way for a while.

Me, I just got back from a day trip to the archipelago. Salt stains, but no sunburn though.