Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Support MFO
Donate through PayPal
While the S&P is in record territory, the Nasdaq is having problems.
--- As the article notes, I do think there's going to be money sucked out of other places that goes to Alibaba and you have had some spectacular flame-outs this year - Fireeye ramping into the 90's, only to fall back into the upper 20's, low 30's.
Apple comes out with a new phone and it basically crashes the Apple website and telecom companies now appear tohave it on back-order, so there's still clearly desire for gadgets.
To me it appears to be a market breadth issue. I wonder if Alibaba is having that much impact? I've been to their site. I'm not impressed. More like an online five and dime store in a sense. Granted they have most everything there. Fakes included.
Comments
China Internet Regulator to Qualcomm: 'We Should Make Money Together'
http://online.wsj.com/articles/china-internet-regulator-to-qualcomm-we-should-make-money-together-1410346553
More general:
http://online.wsj.com/articles/u-s-firms-feel-less-welcome-in-china-1409624607
---
As the article notes, I do think there's going to be money sucked out of other places that goes to Alibaba and you have had some spectacular flame-outs this year - Fireeye ramping into the 90's, only to fall back into the upper 20's, low 30's.
Apple comes out with a new phone and it basically crashes the Apple website and telecom companies now appear tohave it on back-order, so there's still clearly desire for gadgets.