CNBC's Jim Cramer warned investors that the market could be in trouble in the near term as it faces a massive supply of stock and a shortage in demand from buyers.
With more than 100 initial public offerings so far this year, first-quarter fundraising in U.S. markets has reached a record, Cramer said. Several new IPOs are in the pipeline this week. High-profile companies such as cryptocurrency exchange Coinbase and trading app Robinhood also plan to go public soon.
"You can tell that there's too much supply because many of these deals have started to fizzle," Cramer said. "These special purpose acquisition companies just keep coming, even though the whole SPAC ecosystem's falling apart." This has created a supply demand imbalance in the market. There aren't enough buyers putting money to work and scooping up the slate of new shares being traded, Cramer noted.
No one cares about CNBC or Jim Cramer though so who cares
More margin calls to come! Banks are forsed to reduce their exposure to margin loans! With SLR exemption expiring on March 31, banks would significantly reduce margin loans lending. Let's see how speculators will do without margin loans.
that’s the problem, riiiiiiiight, massive stock glut. 😉
jimcramer is the man
Agree, there are about 650 technology stocks alone with a minimum market cap of $1B and a maximum market cap of $2T. In total, there are about 10,400 stocks you can buy through broker or OTC. $SPY $IWM $QQQ $DJI
With so many sources of better and more reliable info, it’s amazing Jim Cramer can carry on its his dog and pony show b
Yeah, all the VCs have managed to dump IPOs just in time. Suckers at the end of the line who bought into the hype in 2020 deserves nothing. 100X forward earnings?
Wallstreet trust fund babies will always get bailed out on the backs of working Americans. Capitalism. Enjoy
Cramer, the fool on the hill
Nice clickbait ...
Whew. Relieved. If Cramer says the market's in trouble that means we're almost out of the woods.
nice
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Source: CNBC - 🏆 12. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »