Word: ipofest
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Analysts warn that the quality of firms going public is likely to decline the longer the IPOfest lasts. In a correction, these weaker issues would fall faster and harder than the general market. "A strong market opens the window for butterflies and hummingbirds," says Charles Ronson, a New York City stock analyst who publishes the newsletter IPO Value Monitor. "But it also lets in the houseflies and spiders...
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