According to some prognosticators, the world is going to end. And just before that happens, you are going to lose all your money in the energy market. Why? They rely on three misguided arguments. Here's what they are and why they're wrong.
Shares of Alibaba Group Holding Ltd. (NYSE: BABA) slumped 2.88% yesterday and actually hit an intraday low of $80.03 – its lowest price since it debuted as a public company back on Sept. 19.
Although the intraday low is still 17.7% above Alibaba’s $68-a-share initial public offering (IPO) price, it’s now 33% below the intraday high of $120 a share hit back on Nov. 13.