. >> dennis crowley, the executive chairman at four square. >> stocks making a big come back from ther to date lows. so why are we still waiting for that market to warm up? some answers in just a moment. >>> welcome back. still in full effect. only nine companies went public in the first quarter. that's the lowest since 2009. bob has more of what this means. >> it's been six weeks since the market bottoms but february 11th one missing element is the rebound in ipos. where are they? it takes a few weeks to recover after a stock market bottom but we're overdue. the two most important factors to get ipos going the state of the market number one and the state of the most recent ipos and since the market bottoms on february 11th it's up 10% and the ren dance capital. and both of these are flashing a go for new ipos. why aren't they here yet? the first issue is investor sentiment. it's still very uncertain. we may have had a big bounce off the lows but the overall market is still flat for the year. it's hard to justify. most ipos are small cap growth stocks and if you look at that sector it