THURSDAY 9/18/14; Scotland Independence Vote; CAG; RAD; Housing Starts; Philly Fed; Yellen Rally Continues; SPX, INDU and TRAN Print New All-Time Record Highs; ORCL; RHT; BABA

The dollar/yen is above 108 to 108.86 as the dollar climbs to 84.8 and the yen weakens (six-year low against the dollar). Banzai! Japan export data is better than expected due to the weaker yen. The dropping yen is concerning to neighboring Asian nations especially South Korea that is losing a competitive edge. Cars manufactured in Korea such as the Kia are now more expensive compared to Japanese cars such as Toyota. In Korea, Hyundai Motor and Kia Motors are bludgeone






[Text is Redacted: Purchase September 2014-09 to Read the Complete Chronology]





al and personal information on the Chinese BABA web site without worry? The Chinese government will receive and archive all that information.

Alibaba is a conglomerate of many different smaller and mid-size companies reminiscent of Enron in the late 1990’s, and even AMZN currently, where the business is so complex with fingers in lots of pies that makes the company difficult to value. Enron was an energy company that began branching out into many different unrelated industries in the1990’s creating a confusing conglomerate. Traders praised the company’s diversification and Enron stock catapulted to great heights. Retail investors were tripping over each other to buy Enron stock and then bragging about it at the office water cooler. These folks were not bragging a few weeks and months later when their heads were handed to them on a platter when the company collapsed with the dotcom bubble. Many folks lost their entire life savings. And Enron was such a sure bet kind of like Alibaba.

A Wall Street money manager provides a worrisome anecdote concerning Alibaba when he describes a client that is desperately calling and searching for BABA shares to buy. The client says, “I’ll buy Alibaba at any price it will pay for my kid’s college.”