S&P 500 after the largest ipos in history...

[retaildaytrader]

 

[shortie]

so we should not expect to crash more than 17% 3 months from now

 

[orange_trad]

Ghastly! Who would've thought that the best time for an IPO is at a (relative) market top?! And that investment banks can figure out when markets are (relatively) overstretched? Call 911!

 

[FerdinandAlx]

I always keep an eye on the IPO market as a sentiment gauge. The Bankers who take companies public always have a large network they utilize to raise capital so if an IPO like Harrah's gets cancelled that's telling of the negative sentiment out there.