Downtown Josh Brown
👤 SpeakerAppearances Over Time
Podcast Appearances
Exactly.
Exactly.
But don't we need to rebase it in terms of market cap?
Yeah, of course.
But if we rebased it in terms of market cap, wouldn't that look 25% of that?
Yeah, no, I understand.
You guys know more than me about like IPOs.
And clearly you can look back in history and say IPO booms are at least correlated with some potential busts in the sense that they usually correlate to euphoria in the stock market, which is usually around boom conditions in the economy, boom condition in earnings.
It's very diffuse.
So they all tend to happen together.
You know, bullish sentiment.
you know, exorbitant earnings.
And by exorbitant, I mean like top quartile, right?
All of these top quartile indicators.
We're not there in any other indicator.
Yeah, yeah.
It's a rebalance challenge.
I mean, I think that we've seen this over and over again with the Russell value and growth indices.
Yeah.
I mean, in the near term, anything can happen, right?