Now that the market has firmed up, I am sure the sages at Goldman will speed up the Alibaba s-1 filing, introducing the alien troll, Jack Ma, to America’s dinner table.
When on Alibaba, you can buy all sort of meaningless crap, such as tape cassettes and “inorganic chemicals.” Hell, you can even buy used cars. I am sure this is where I will buy my son his first used car, through some chinese e-commerce website operated by some chinese alien spy named “Jack Ma.”
What could go wrong?
Nevertheless, it will be the world’s largest IPO ever, so you better get used to saying his name.
Slightly off topic, Markit is going to IPO soon, maybe even today (I haven’t checked). The ticker will be MRKT and they are major players in financial information, much like BBG. I will probably buy MRKT at some point in the not-so-distant future.
Futures are slightly higher and I’m surprised to hear the jackasses on the teevee still talk about the Fed raising rates. The Fed will never raise rates because that wouldn’t be beneficial to the ball-jugglers in Washington who enjoy bankrupting the country. There is debt to service and interest on said debt. It is my belief the government couldn’t care less about the 70 year old retiree, who can’t make ends meet because his CDs are paying less than 1%. The godly folks in Washington only care about themselves. It is in the best interest of politicians everywhere to keep interest rates at zero, in order to maintain the status quo and to spend the people’s money with reckless abandon, which in turn is good for stocks.
I’m a huge advocate for spending the people’s money with reckless abandon, as long as I make money too. It’s a zero sum game and I’m into ‘scorched earth’ as a general rule of thumb.
Then again, I’m a bit of a cynic.
NOTE: Don’t forget to acknowledge our Facebook page. I will be actively updating it, killing people, and generally partaking in unchecked debauchery on there.
If you enjoy the content at iBankCoin, please follow us on Twitter
I don’t know why i continue to be shocked by the Fed. They’ve clearly decided this is their last big shot to “fix things” and thus they are intent on letting it run until its absolutely clear that the economy is humming or that inflation is out of control. They are not going to try to get “ahead of inflation” — they tried that during t he last two QEs and got bitten.
This time, they will just overheat things and deal with the aftermath. The problem is they will probably be forced to be much more aggressive…eventually, because they will probably let inflation be a clear problem before they act.
Lastly….i think this is a bit of sleight of hand. “Hey – nevermind that we are ending QE and it will be done in a couple of months — low rates FO-EVA!” Meanwhile, once QE is done and finished with little market disruption, they will start talking rates. Can’t talk ending QE and raising rates at the same time.
are you still having sex with EWZ?
I sold, at least temporarily, at 49.50 two days ago. I am stepping out of the market for a bit, until it cools off. I have an intrinsic feeling that things are going to end badly, this year.
Thar she blows (gold).
Don’t wait until AEM hits $70.00 to buy.
In other news scroll down to p.11 and get ready to have your hand analyzed (need to buy a war bond).
http://www.freerepublic.com/focus/f-news/3169644/posts
Hi TC, what is your favorite ride for PM trade, GDX, GDXJ, RGLD,,, ? I was once burned myself with RGLD so still a bit traumatized. Thanks!
Just do GDX and GDXJ as some of these miners still have some write offs to do although mergers and consolidations will be happening.
Some of the smaller caps like CDE,AUY, and EGO may be good spec plays.
Appreciate !
Say what you like about Alibaba, I guarantee they’ll be the first to list a knock off space laser cannon at a quarter of the price.
Fly
Isn’t Facebook a little too gay?
I know some 55+ people who go to Starbucks and spend several hours commenting on the FB posts.
Very sad IMO.
Facebook? Ask your kids – facebook is so yesterday. Only people left are ugly 55+ people perving on high school school flames who’s asses exploded like a atom bombs
Adding more to my GLD position as this is clearly a sign that the apocalypse has begun.
Fly, I beg to differ with you. I am a very old man with a CD LADDER paying an average 1.7%. I know no one is interested since I’m too old to be on this site, but I’ll reveal my secret since you are so generous with you free stock advice,
1.7% covers 1/4 of my annual property tax increase.
how confident are you that YELP is the post alibaba buyout for yahoo?
Ali Baba will be the best place to buy a car. No recalls!
Tempted to short some BBRY here. Who would buy this dead platform?