It is a sign of our times, illustrative of all that is wrong in our society. An IPO which is really nothing more than a glittering new Las Vegas casino, luring in the suckers with promise of instant riches most of whom will ride home on the bus when the diamonds turn to dust and the chrome turns to rust, party goers drunk on the smell of someone else's cork. Stockholders exploited and cannibalized by a dysfunctional market, so dysfunctional that it cheerleads while denying its own basic rule - never buy at the top.
It is a stock offering of sunbeams in its air, cache and panache, the last great gasp as the adrenaline needle entering the dying mans chest. Chasing rainbows on a sunny day and digging for pirate treasure in the back yard. It promises the riches of what once were in the cold hard reality of what is now. A money making investment scheme, of getting while the getting is good, before the next bubble bursts and before the ax falls.
"Nobody ever lost a dollar by underestimating the taste of the American public."
- P.T. Barnum
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