Your Daily Bit of Wall Street Wit & Wisdom

Paris opera house

The Palais Garnier, Paris h/t Rindoff / Dufour via Getty Images

“If you have to sit in the balcony, it’s time to head for the exits.”

The adage above is apt admonition for investors eagerly awaiting a slew of IPOs (initial public offerings), as well as those clamoring for Chinese junk bond yield.

Sometimes it’s better to enjoy the show from afar.

Best regards,

Steve

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