| From: sunabeach | 11/22/2021 3:21:24 PM | | | | | | NYSE AD line narrow band since 12pm EDT. Already in long weekend holiday mode?
 |
| | ajtj's Post-Lobotomy Market Charts and Thoughts | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| From: bull_dozer | 11/22/2021 3:39:47 PM | | | | | | The Spac machine sputters back to life after dramatic meltdown
Spac sponsors hope that the new signs of life herald a maturing market. Some have drawn analogies with the junk bond market, which went through a frenzied boom period followed by scandal in the 1980s before eventually becoming an integral part of the modern financial system.
But the recent flurry of deals suggests a different, more constrained reality. With many of the institutions which were once eager to back Spacs now sitting on the sidelines, the Terran case shows how dealmakers are being forced to lean on a smaller group of initial investors who can then extract better terms.
For critics, deals like the Terran merger are examples of the flaws that still characterise the Spac market, which they argue is lopsided towards financial sponsors and other insiders. Terran declined to comment on the deal.
In recent months, investors, legislators and regulators have begun taking stock of the Spac boom and many have reached the same conclusion: that the market tends to benefit insiders by enticing investors to make speculative bets on companies that otherwise would not be public.
“There is a wild amount of froth,” says Nathaniel Anderson, founder of short seller Hindenburg Research, which has targeted multiple companies that went public through Spacs. “There are a tremendous amount of companies that are intrinsically worthless that are sporting multibillion-dollar valuations. It has become commonplace now.”
ft.com |
| | ajtj's Post-Lobotomy Market Charts and Thoughts | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| To: ajtj99 who wrote (44374) | 11/22/2021 4:07:47 PM | | From: sunabeach | | | | Guess what?
Just noticed / don't know how I missed it on $NDX Thursday a TD Sell Seq 13, although a SetUp @ 5 is concurrently taking place - which may or may not get recycled. Solid black line near top would be (if NDX was a tradable symbol) where suggested stop should be, for an aggressive on Seq completion entry, so "trade" would have been stopped out.
 |
| | ajtj's Post-Lobotomy Market Charts and Thoughts | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (1) |
|
| |
