while also losing fingers and toes as Alibaba dive bombs. Of course the company will try to spin awful numbers but you can only polish a turd so many times. Ja Ma knows Alibaba will miss by a mile but does he also have the "guts" to give weak forward guidance or does he do the Chinese spin to sucker more investors into going long Baba?
Boy you ain't kidding. IMF thinks China will grow at 6.3 percent (which is a huge drop) but what IMF won't admit is the 6.3 % growth is with phony numbers. China government lies about everything, even the man made islands in the China sea which appear to be more then just Cruise ship stops.
Hey we're in Bear country now and its October. Tvix is the place to be. Maybe not months or weeks on end but certainly over the next few week Tvix will climb as investors realize the Fed "free printing press" is permanently broken and Yellen is so dovish she might just grow a second set of white feathers. Market knows there is now nothing that can prop it up so why not go long Tvix. Unless you think the Fed and Obama have a few tricks up their sleeves? HA
any many here think we will see sub $40 before we ever touch $60 again. In a failing China economy big stocks like Alibaba are the worst to own short term and long term. Especially as Jack Ma lies about future earnings and growth outlook. Come quarterly report Jack will try to polish this "turd" but you can only do so much before the real colors (and bad smell) leak through.
with China economy set for a free fall well into 2016 and possibly beyond. How can you invest in a Country that lies about economic numbers and a company that sells counterfeit goods Ebay style? If Sottbank and Yahoo sell shares this drops to $30 in a flash. And if Jack Ma can't show decent forward guidance it could drop further. Hard to be "long" here with dark storm clouds forming over China and all of Alibaba.
and one has to wonder how many posters here are holding Alibaba stock when they bought at $100 a share, $90 a share, $80 a share and even $65 a share. Its only money guys and you can't take it with you when you move to the after life. But please take a word of advice. If you bought Alibaba stock $60 or higher sell as fast as you can. Its on a one way mission now straight down to probably $35 a share. And once it hits that level it will flatline for years on end, since know one will want to buy and hold Chinese stock knowing most CEO"s in China are either corrupt or down right stupid.
and sure looks like a 12% drop for Tvix today. Almost impossible to hold more then a day if not less.
and my understand is you will be able to buy these Four Legged Sheep for around $57 a share next week. But take your time since the old Chinese Proverb says "Those who wait always buy cheaper".
Chop - Chop
and can we says a lot of Unhappy shorts that had to cover quickly this week or are now under water. Gold moves higher next week since the Fed won't raise rates for three months if not longer. When you throw in all the other problems around the world and the fact that Yellen likes Zero interest rates - you know Gold is going way, way higher. Nugt over $3.80 Monday and no looking back.
$2.41 to $3.41 in just a few days. Look for a bigger jump next week as U.S. dollar weakens, market volatility spikes again and Gold jumps higher. Nugt is the place to be if you want to make some serious money since the Fed can't talk their game out of a paper bag.
So sell in After hour or hold your position. Market will not jump 200 points tomorrow but I doubt it will drop much. Your long position in VXX might pay off because now I'm hearing lost of chatter that a Fed delay in hiking rates will actually cause a market sell off. The thinking is if the Fed does nothing - it proves two things.
World markets are far worse off then anyone realizes.
The market doesn't like to deal with uncertainty and with the Fed pausing Volatility increases going forward. And everyone wonders if rate hike hits October or December.
Tomorrow should be interesting since Asia markets will probably open and close green, I still think we trade sideways (from here) into Thursday afternoon surprise.
Rob Carnell, chief international economist at ING, said, "All in all, weak, disappointing, and taken together with other data earlier today - retail sales and Empire manufacturing - nudges the argument in the direction of the FOMC doves." "With only CPI left to come before the September 17th meeting, and that likely to be on the low side, the data dependent FOMC might find the pendulum swinging more to the 'no hike' side," he added. Odds now are 75% the Fed holds off a rate hike Thursday and gold will certainly like that news.
No brainer since Fed does nothing on Thursday which in turns send Gold way, way higher and of course pushes Tvix way, way lower. Timing is everything but come Thursday the Fed holds off rate hike and Gold will love that news.
just think far dust would be trading down if Gold was green today. Scary stuff if your short gold.
This seals it Boys. No Rate Hike from the Fed this Week. Go long and Strong Spy, Gold and Short the Dollar.
Chinese investment grew at the slowest pace in 15 years in the first eight months of 2015 as factory output disappointed, raising fears that third quarter growth would drop below 7pc for the first time since the financial crisis. Fixed-asset investment, which covers expenditure on a wide range of assets from plant and machinery to infrastructure, expanded by 10.9pc in the year to August.This was weaker than the 11.1pc increase expected by economists and represents the slowest rise since 2000. The slowdown was driven by weaker property investment, according to the National Bureau of Statistics.Industrial output was also weaker than expected, rising by 6.1pc in the year to August compared with expectations for a 6.4pc increase. Economists said Sunday's figures provided further evidence that the world's second largest economy is cooling.
China's report today showing weak Industrial output numbers along with Baron's call for Alibaba stock to be cut in half is a major one - two punch to the gut of Jack Ma. You think anyone wants to go long Baba in front of this bad news and with 1.6 billion shares hitting the market in days. And Baba falling share price won't stop at $55. Come day after stock lock up expiration Baba will be under $40 a share and dropping like a China (dead) water buffalo.
and if we get bad China numbers on Sunday - Gold will fly higher knowing the Fed does nothing on Thursday as the dollar weakens and Gold moves up 10% 15% plus.