Oh yea! Sort of like the fed did with QE1, QE2, and QE3. We (US) use the fed to protect our markets in a crisis. China rely's on government intervention. I knew folks that got completely out of stocks in 2009, and never got back in. Is this the right time to get out of BABA? Not me!!!
Sentiment: Strong Buy
Buy now, before you ask yourself "What If ?"
Buying at the bottom is not a bad idea. Buy low and sell high? Only hindsight will tell you that you caught the bottom, so got to take a little risk, and predict that bottom. Anxious to see what China gov does next. What will be neat is when measures start working, will stay in place for a while to guarantee actually working, particularly after this 8.5% selloff! Long and Strong
Sentiment: Strong Buy
Ok. China tanks, and BIDU has a revenue miss. BABA down at close and significantly lower after hours. If I were on margin, I would probably panic too! But, to get out now, when you have been through the fire, is truly panic selling. I like this, tells me bottom is near, and gap up is just a matter of days! Watching sheep panic makes me hungry!
Sentiment: Strong Buy
I was talking to Jack Ma, and he said bet the farm on BABA! I told him that I lived in the city, and he said bet the city! I told him that the city was near Vegas, and he said bet like you're in Vegas! Oh Lawd, I'm bettin like in Vegas!!!
What is frustrating about XLE are those days when crude has big rally, and XLE remains flat, or even goes down, Not easy to understand its day to day moves. May be a good long term hold, but I wouldn't buy XLE for swing trade.
Ok, maybe dipped into low 30's in 2009, and agree was a total rout. But how long did oil stay at that bottom. Oil is in free fall towards bottom now. When it hits, history shows there will be a significant bounce. I am only buying with significant dips now. If OIL falls below $9, I will add a significant position, and if gets below $8, then I will double down, then I will hold from there even if for 15 years. At some point, I will reap the benefits. Will not need any of the money invested prior to 15 years, so that is my strategy.
I could not imagine a better investment at this time in the market. We have watched AAPL over the years, GOOG and AMZN, NFLX and a few other stellar performers. However, BABA is the new Porsche entering the race. Poised to perform. Just like facebook, it has taken a little ride south after all of the IPO hype. Yet, despite all of the problems with the China economy of recent, has fared well. and is now creeping higher. Had a blow out earnings report last quarter and I expect will dazzle this quarter as well.
In time, within the next 2 years, I anticipate BABA to advance and have market performance similar to what we have seen with the other internet stock leaders like AMZN, GOOG, PCLN, NTFX, and BIDU.
If you bought this just a few weeks ago when dipped back in 70's as I did, you would be making money now. If you had bought at close of market today, you would be up by the open of market on Friday. So why think 5 years. BABA will have doubled in 5 years. I use to hold BIDU, and still have not forgiven myself for not holding on. It doubled over a year after I sold it. I will not let BABA double without me!
I don't get it. Hang Seng index was up, Shangai index was up, and yet FXI ended trading session with a loss!
Markets are up, lose money. Markets down, lose more money!
Crude only went to $44 at height of the great recession (2/2009).
We are in a slow recovery, yet still recovering, if Yellen and the fed decide to allow the recovery to continue, rather than insisting on taming future inflation that Janet seems obsessed with.
She seems to want to be overly insightful like Greenspan, rather than humble and practical as was Bernanke.
Her insistence on perpetuating fear of potential inflation as Greenspan did will cost us all dearly if she fails to demonstrate a willingness to step back when it is clear that she has it wrong.
She should take raising rates this year out of the fed minutes, and simply state that decisions regarding rate hikes and future rate cuts will be data driven, and with no specific time horizon.
If rate hike does occur, then it should be made clear that subsequent fed meetings might result in rate hike or cut, depending on the data.
That way, the market doesn't see the fed as unidirectional, and the dollar won't continue to only get stronger crippling our US based multinational companies.
Don't worry Sally. BABA is doing just fine. Trending higher as it approaches earnings with traders recalling how well last earnings announcement went. What you are seeing on Yahoo is an error. BABA is actually trading slightly higher after hours.
Actually, only have to go back to 1998, oil was ~ $18/barrel. However, of recent, the low oil prices have been short lived and tendency is for oil to trend higher. I would be much more concerned about a market crash and US financial collapse if oil were trending toward $200/barrel rather than trending lower. The world will benefit from low oil prices and will enable US, China and other currently sluggish nations a chance to get economies moving. I am in OIL, because believe the bounce off the bottom will be rapid, and good to have some skin in the game even if continues lower in the near term. Just important to be diversified.
Why would you short if government supported? Any different from fighting a fed supported market? Recall the saying, "don't fight the fed"?
I am US citizen and believe in democracy. However, I try to look at other societies objectively, and attempt to understand why they might take certain actions rather than just quickly labeling them evil and assuming their actions are all illegal and immoral,
though they ultimately might be.
I agree that the China intervention is extreme. However, it is nice for allowing the little guy a chance at not being tossed around and manipulated by evil market manipulators that dominate the majority of equities traded.
How often have you done your homework and carefully chosen a stock to invest in, and as soon as purchased, just watched it sink for no other reason than some unseen
manipulator on the other side of your trade, forcing the stock down so low and for so long, that you end up bailing out at a huge loss, then fear ever buying a stock because of all the unfair advantages that the billionaire hedge fund managers and company directors who hold millions of shares that were virtually given to them and can manipulate stock prices at will.
Nice, for a change, for 6 months, to not have to worry about the billionaire hedge funds and high net worth individuals who own the bulk of the shares of the companies in this ETF to not have the ability to shake out the little people just so the billionaires can crash share prices, then the billionaires get back in when they know the bottom, that they create, is in.
Ok for fed to lower rates to zero and do QE for years to prop up US market. But, as soon as China gov takes action to avoid crash, "gov control with iron fist...