Do you know why i think thats happening . Part of it is that weve got too many stocks so with a bunch of new ipos on the horizon, the market wont be able to handle all the supply and when supply outstrips demand, prices go lower. Im focused on this because were talking about these ipos endlessly. I want you to know what its going to do to the rest of the market thats why this market needs mergers and we need them now alleluia before we get unindated from shares like lyft, airbnb, u bechlt r, and the incredible loss making we work. Even putting aside the supply and demand of the market, there are tons that could benefit from consolidation. Im putting this all through the prism of all the ipos. Theyll be very exciting and youll want to get in. Lyft, the beginning always works. What needs to be consolidated . Were seeing somewhat of a resurgence it rose nearly 60 today oil stocks are rallying much less than you might expect i believe the 60 lid could hold the whole group down like its don
Corrosion but the need to believe in something otherwise, youll miss out on amazing opportunities this market affords you and saw some play out even as the averages were not so hot. Those were well off the lows and i think we have a big problem here on wall street. Thats where im located right now, wall street but simply most people dont trust the market anymore they dont ceos. They dont trust individual companies. Just endless skepticism and little sincere belief. Im playing around a whole series on why we lost faith in the market most people have given up on owning pieces of individual companies, a lot goes down to the fact that daytoday action doesnt make sense trying to gain things. Not showing up or downs for reasons that have nothing to do with underlying companies. But there are moments when the market works like its supposed to i have two nondysfunctional examples most highly gettable. I know that because we own them for my trust eli lilly had a tremendous quarter. It could be
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