Gains in US stocks does not help BIDU, especially since there are no gains in US economy. The jobs report was bad. We had mostly low paying temp jobs created and those people will neither have the cash not the credit to buy houses or buy anything much at all.
It is not up because of the market, it is up because BIDU is worth ALOT more than what it is trading at today. This should be trading closer to $200 a share. Look, if Allibaba, Qihoo or Bidu is willing to spend 2.5 Billion on Sogou with about 10% of the market; What do you think BIDU should really be worth? Alot more than what it is trading today. It is simple math!
Then it should not have waited for rally to go up. The fact is, others are growing faster (that's why they trade at higher PE) and sooner or later, they will take away market share. The first one in gets too much of market share but eventually loses some to others.
You are right. The professional jobs created are mostly in IT. Those get taken by foreign workers who save money and take it back. They can't be buying houses without at least a green card. Many get jobs sitting in their home countries where US companies have branches. So we are left will little to feel happy about the jobs report