Is this the sign of a market top? A Chinese “anonymous social network” company named under the banner MOMO is planning an IPO.
The company, touted as “the magical tool to get laid,” has no profits and sports a debt of over $97 million . . .
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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.
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