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Technology Stocks : Fintech
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To: Glenn Petersen who wrote (13)12/9/2014 3:54:33 PM
From: Kirk ©  Read Replies (1) of 247
 
I love your summary. Is it what you believe or a Freudian slip?
2014 has been a banner year for the alternative financing companies, who collectively have raided over $1 billion in new equity financing.
With falling rates, the Long-Term Treasury index fund at Vanguard was up about 18% last I looked. High returns attract dumb and dumber money.

We have a bond bubble that could be about to come undone.... so of course I'd expect this company to go public and get as much out as they can before people figure out what their loans are worth after the company takes a cut of profits.

I can't tell you how many intelligent people I know really have no clue about bonds, risks and rewards. They stretch for yield and don't ask why "if this is so great, why don't all the local banks and CUs, much less Warren Buffett, make these loans and skip the fees to the web site operator?"

MARK THIS DOWN. My guess is this announcement is the equivalent of the pet sock in 2000.


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