Dow Futures, September 16, 2014: On Monday, markets remained highly anticipative of Chinese e-com giant Alibaba Group Holding Ltd.'s initial public offering, slated for this week.
But the news isn't all rosy for investors around the world. Dow Jones futures are down 29 points today.
According to Bloomberg, Chinese residents are angry that they lack the financial resources or qualifications to invest in Alibaba stock. Even though Chinese consumers are the primary drivers of Alibaba's success, many are unable to invest and profit from the Alibaba IPO scheduled for Sept. 19. The backlash is reminiscent of Facebook Inc.'s (Nasdaq: FB) initial public offering in 2012, when many analysts and investors called for users of the social network to see some potential to profit from the company they built, one user at a time.
Monday also marked the sixth anniversary of investment giant Lehman Brothers' collapse. The fall of the Wall Street titan set off a chain reaction that froze global credit markets, led to a massive slump for global markets and high volatility, and forced the U.S. Congress to introduce a taxpayer funded bailout for bankers around the world. Since the collapse, not one person has been criminally prosecuted for any actions, although a number of banks have recently agreed to multibillion-dollar settlements with the U.S. Department of Justice and other regulators over their roles in selling, packaging, or distributing faulty mortgage securities.
Here's what else you should know to make your Tuesday profitable:
Full U.S. Economic Calendar September 16, 2014
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