Venture capitalists are cashing their investments by IPOs - sure sign that the next financial crisis is starting soon :) Dotcom Bubble 2.0 is ready to burst.
EDIT: I do not imply that venture capitalists poses some insider knowledge. It is not necessary. It's just the fact that when bullshit companies with bullshit product, that generate losses instead of profit get valued at $16B (other recent examples include Lyft and Uber) it means that economy is in crazy state, and it does not take much to induce panic. My guess is one of these unicorns will fill for bankruptcy soon, thus pushing the market over the edge.
Yet, I have no real evidence that points me to its truth. The thinking seems to be predicated on VCs having inside knowledge or excellent speculative skills. That might be true, but presumably they're not the only strong speculators.
Are we seeing other major players move out of tech? We're certainly not seeing massive liquidation in general.
EDIT: I do not imply that venture capitalists poses some insider knowledge. It is not necessary. It's just the fact that when bullshit companies with bullshit product, that generate losses instead of profit get valued at $16B (other recent examples include Lyft and Uber) it means that economy is in crazy state, and it does not take much to induce panic. My guess is one of these unicorns will fill for bankruptcy soon, thus pushing the market over the edge.