Press Esc to close

Welcome to Money Morning - Only the News You Can Profit From.

Close

As We Close in on the Alibaba IPO, Here's What You Need to Watch For

It isn’t often that a really “hot” initial public stock offering lives up to the pre-deal hype.

But Thursday’s IPO of China e-commerce heavyweight Alibaba Group Holding Ltd. (NYSE-WI: BABA) is shaping up to be everything the most ardent market mavens have been saying.

Alibaba is on track to become the largest U.S. initial public offering ever.

Full Story

  • Silver Prices This Week Fall Further, but Price Gains Are on the Horizon short the euro

    The news of rate cuts from the European Central Bank (ECB) is giving traders more reason to short the euro.

    This looks like a further step toward large-scale quantitative easing in the Eurozone, and the euro is likely to see devaluation at the hands of inflationary cues from the ECB.

    Here’s how you should play this currency…
  • The Biggest Takeaway from the European Central Bank Rate Cut? Short the Euro short the euro

    The news of rate cuts from the European Central Bank (ECB) is giving traders more reason to short the euro.

    This looks like a further step toward large-scale quantitative easing in the Eurozone, and the euro is likely to see devaluation at the hands of inflationary cues from the ECB.

    Here’s how you should play this currency…
  • Why to Short the Euro in 2014 short the euro

    The euro is readying for a substantial devaluation at the hands of oncoming monetary and fiscal stimulus.

    But don't think the euro bears haven't already thought of that, as the currency has lost 5.3% since its peaks in May.

    Here’s why the euro is worth a short, but also why you should wait before you dive in…
  • Is George Soros About to Short the British Pound Again? freeimage-5189042

    Shorting the yen has earned George Soros more than $1 billion in profits since November.

    Now Soros has set his sights on the second-most-shorted currency in the world - the British pound.

    And he may have company, as the Financial Times reports: Along with Soros Fund Management, Tudor Investment Corp., Caxton Associates and Moore Capital - some of the best global macro traders - "see similarities in UK's predicament to that of Japan" and are interested in shorting the pound.

    This adds to worries about the pound, which has already fallen 5% this year. And with exports falling, productivity low, and gross domestic product shrinking last quarter, Britain's economic outlook is foggy at best.

    "There could be a dramatic weakening of the pound this year," one of the world's top macro hedge fund managers, who declined to be named because he does not want his firm's positions becoming public, told the FT.

    For Britain's sake, let's hope that weakening doesn't lead to another "Black Wednesday," Sept. 16, 1992 - the day George Soros "broke" the Bank of England.

    To continue reading, please click here…

    Read More...