Countdown To Lift-off

SpaceX will be the largest IPO ever when it goes public tomorrow.

PRE-OPEN MARKET COMMENTS THURSDAY - In the last week we've seen some market selling. I have not seen buyers step in aggressively. IPOs are casting a shadow over the market and the supply of stock is increasing. These are massive public offerings and they will keep a lid on the rally. Google did a capital raise for $85 billion last week and Oracle announced a $20 billion offering yesterday. SMCI said it will have to tap equity markets for $7 billion yesterday. This is not a healthy trend.

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