Wall of Supply II - The Funniest Outcome
Meme Tops and What's Next...
In “Wall of Supply” we argued that the $$$ trillions of equity supply coming from the Mega-IPOs will eventually weigh on the Market.
We just got the first major IPO, with semiconductor company Cerebras (ticker: CBRS) trading up +68% on its first day and now trading at a cool $67bn market cap and 150x Sales because who cares really.
What happens next?
Here’s the funniest outcome: