As we approach the end of the first quarter, which is as good a time as any to mark the end of at least this phase of the everything bubble, Reddit is going public.

When we look back on this time from the not too distant future, it is quite likely that it will mark the stock market top. NVDA has their conference this week and the stock could finally hit the round number of $1,000 per share and by next week’s end of quarter it wouldn’t surprise me if the DJIA joins the Nikkei 225 in having reached 40 thousand.

I can’t remember what happened back in 2021 why Reddit didn’t pull the trigger during that mania phase for all speculation.(I believe they tried or were suppose to IPO but something happened?) So they will likely get a pop but not back to their last funding round valuation and it and the market can roll over once we get into April.