Alibaba – swindles below IPO

Alibaba stocks have taken a beating. The once hyped stock has been plagued on a bearish slope since the 2014. The stock that has a market cap of around $165b and a P/E ratio of close to 42 will not take well on the Chinese devaluation of its currency. Alibaba stock is closely tied to […]

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China – correcting the worlds markets

China has taken active steps to achieve its GDP targets but taking steps to devalue their currency. There are endless side effects but most interestingly and predictably the ASX is taking a dive. With the AUD approaching a dangerous .90 mark against the greenback the RBA is getting its wish but for the wrong reasons. […]

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