To the untrained eye, the IPO market looks calm. But there are three hidden pressures building up in the new-issues market, says Taipan Daily editor Justice Litle in conversation with hedge fund manager Cash McDash (a pseudonym, of course)…

Last week was a thing of beauty for the bears. The major indexes were all hit hard, with the Dow and the S&P looking ready to explore new depths. The Dow also closed below 12,000 on Friday, an area of psychological importance.

Greetings. There’s plenty to talk about this week as usual — and plenty of topics to catch up on. We’ll start off by checking in with your friend and mine, incognito hedge fund manager Cash McDash.

Dude, I’m starting to get the hang of this IPO thing. I checked the “calendar” and saw that we’ve got four deals this week — two IPOs and two secondaries. So does that mean its shaping up to be a decent week for you?