Since the Fed is now useless in a declining economic world "Correction". Yellen can't raise rates which has market freaked out. And if she does - well she could be adding fuel to the fire. The fed blew it by holding things off until it was too late. Now all they can do is sit on their hands and watch the "Bear" come roaring back for rest of year, early 2016.
Makes one wonder if word is leaking Yellen won't raise rates until her hair grows black. Now starting to worry Uvxy opens $39 tomorrow and keep falling. OUCH
Bullard just stated a rate hike was very possible in October. So there is your warning - but will you heed it???
and they sure don't mean Halloween. More like "Nightmare on Wall Street" with first rate hike in ten years come mid-October or sooner. Yellen ready to pull the cord and set the market down, down, down.
and with that message from Bullard - a cold wind just swept through Wall Street and chilled everyone to the bone.
especially with the Fed now threatening to raise rates in October or November. World markets thought they could put the rate hike fears to rest or at least until late December. Not going to happen with the Fed finally realizing they are doing more damage holding off a rate hike. Never fight the Fed especially with a rate hike in 30 to 60 days. BOOM
Both JD and Alibaba are going to drop a lot further from there simply because China economy is broken. Which stock will move higher first is s coin toss since both are largely dependent on the Chinese consumer and unwanted government intervention. Its time to say (good bye to China for a while) since its obvious to all that numbers are inflated while future quarterly earnings will miss - Big Time. I would not touch either company in 2015 but might take out a small position in Baba next year. Jack Ma is no visionary but at some point the stock should move higher in Spring 2016.
Some times the "truth" hurts, doesn't it. Alibaba share price sell off will continue down for months on end simply because investors have no faith in Company Management or China economy. Both are badly broken.
So true and China Government has all ready Cut off Baba arms but limiting the amount of cash purchase consumers can use when buying Alibaba counterfeit goods. Big China banks are now controlling everything (through themselves) and will not let Baba act as a bank, much less a broken piggy bank.
Ahhh, September next week and closer to a Fed Rate Hike. And if that isn't enough another week of China Volatility coming - as in more world market corrections. September is usually a very bad month for stocks, but this year it will be a doozy Don't get caught going long Spy over weekend because come Monday it could be down 12%. OUCH
though I don't see market closing Green today XIV will close way, way above premarket lows. We're talking closing around $33, $34 so buy in now guys and enjoy the ride up off premarket lows.
Can't access Scottrade so was wondering if system is down or worse? Volume must be massive today but Scottrade better get there act together by market open. Anyone have problems logging on?
The reason FB climbed after large stock releases was due to the fact the company had a solid future. Where Alibaba's future right now is up in the air with failing China economy and counterfeit issues regarding Alibaba online distribution. Furthermore if Chinese government can lie about GDP, employment, housing, commercial real estate, etc. so can Alibaba future growth, future revenue, future guidance. Its all smoke and mirrors in China and when the air clears Baba just might be a $30 stock after Sept. stock expiration date. Scary Stuff