"As far as pipelines go, everyone is busier than they have ever been. ... I personally have been on 30 pitches over the last 10 days, which is very busy."This is another headwind for a market that is starting to look shaky. Have a great weekend.
Supply Hitting The Market
During the latest week we have seen a number of IPOs and secondary offerings. A large new supply of stock in the market is a negative. There is reason to believe that we will be seeing more supply in the months ahead. The following quote is from a banker quoted in yesterday's Wall Street Journal speaking about new offerings: