With the benefit of hindsight, it is sometimes possible to pinpoint specific events that marked a turning point in the direction of a particular market. When Netscape Communications listed on Nasdaq in 1995 it opened the eyes of the investing public at large to the potential for technology stocks and triggered the start of the dotcom craze that ended spectacularly in 2000.
The market might just have witnessed a similar event in the form of the Fortress Investment Group IPO in the US.
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