⚠️ PATTERN ALERT: Mega IPOs at market tops = historical red flag

Every major crash had one thing in common: a massive IPO right at euphoria peak.

🔻 Dec 1928: Goldman Sachs Trading Corp IPO → months later, Black Tuesday + Great Depression

🔻 1971: $INTC IPO after decade-long bull run → topped, -50% crash

🔻 Apr 2000: AT&T IPO at dotcom bubble peak → marked exact top, -50% wipeout

👉 Last week: SpaceX just did the LARGEST IPO in history

$75B raised at $1.75T valuation. Anthropic + OpenAI coming next. Combined: over $200B in fresh capital raises.

For context: entire dotcom bubble raised ~$265B across HUNDREDS of companies. This is THREE.

Market ripped 16% in 2 months to ATH. Last time that happened? 1929 and 1987. Right before the two most brutal crashes in history.

Why do mega IPOs flip markets?

🔻 Money to buy new shares comes from somewhere: either cash on sidelines or SELLING existing positions

🔻 Investors are already rotating OUT of $META $AMZN $MSFT $AVGO to get into AI IPOs

🔻 Cash levels at historic lows, same as 2000

🔻 Fed signaling tightening this week. In 1929, 1972, and 2000, Fed was hiking into the top

This IPO wave the top signal, or is there still room to run?