"One fairly dependable sign of the approaching end of a bull swing is the fact that new common stocks of small and nondescript companies are offered at prices somewhat higher than the current level for many medium sized companies with longer market history"
\-The Intelligent Investor
I remember when all birds / smartbird got bought / rebranded into AI and it seemed so silly. Like how could people be allowed to invest in this (from the opinion of a novice investor) fairly undescriptive though i do not know who to compare them to in order to match his other criteria for a new common stock. And I am going to call that pretty small scale.
Large scale (my genius thought after being 1/3rd done with the book) is the IPO of space X. how its 140 a share as of right now, 2T in value, and seems to be the most massive nondescript company to have ever existed on the market. To me this matches Benjamin's criteria for indicator signs to the end of a bull market.
I want to know your thoughts on my novice thoughts, and if anyone knew of any other examples in the past years of this bull run that also may fit this criteria.