Nothing’s set in stone
With the current listing boom we’re seeing many comments that this is a classic market-top indication and that is true. Bear markets are pretty much always preceded by a glut of new listings, but what’s important is to understand the timeline. This listing boom could continue for another year or more, or we could be moving into bear territory as you read this. This is not a linear process – a listing boom may not immediately be followed by a bear market. The listing boom is just another signal that markets are generally expensive. As always, my advice remains to hold onto quality stocks and use these warning signals to exit the lower quality holdings you may have.