The end is nigh. Pure bubble bullshit stock.
BABA larger then P&G, Pfizer, IBM, Coke, BoA etc....
- Thread starter achilles28
- Start date
Hi
First of all, I agree with you that Alibaba looks expensive today.
However, since 1990 there are only a few of foreign technology technology companies have success in Chinese market, Google, FB, ebay have already demonstrated how hard it could be to enter Chinese Market. When come to alibaba, we are not buying its past , we are buying its future.
its my 2 cents
Regards
First of all, I agree with you that Alibaba looks expensive today.
However, since 1990 there are only a few of foreign technology technology companies have success in Chinese market, Google, FB, ebay have already demonstrated how hard it could be to enter Chinese Market. When come to alibaba, we are not buying its past , we are buying its future.
its my 2 cents
Regards
No doubt we're in a stock market bubble. Rising tide buoys all ships. Think back to 1999 and the Nasdaq. Sure doggyfood.com looked expensive at 300 dollars per share, but it had incredible potential....
I just don't see how a B2B portal (that can be replicated) is worth more then Pfizer or IBM. Rumors abound that BABA earnings and revenue have been grossly over-stated.
Is it possible we're in a tech-led stock market bubble?
Remember FB bought Whatsapp for like 19 billion or some ridiculous amount? This is like the skyscraper omen.
I just don't see how a B2B portal (that can be replicated) is worth more then Pfizer or IBM. Rumors abound that BABA earnings and revenue have been grossly over-stated.
Is it possible we're in a tech-led stock market bubble?
Remember FB bought Whatsapp for like 19 billion or some ridiculous amount? This is like the skyscraper omen.
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Govt indeed is corrupted. What is more, Chinese/Asian culture is somehow different from Western culture.
As far as I know the biggest search engine company In Japan and South Korea are not google
There is definitely a bubble in current economy. However I don't know when and how its going to burst.
Thanks
there is no bubble in the economy. maybe there is one in the stock market. if u knew when and how it was going to bust you would be smarter than soros and stock777.
enjoy the ride or maybe it has already busted.
Between the Government and FED, they've pumped in north of 10 Trillion dollars into the economy, over the past 5-6 years. Do you think the market would be where it is today, without it?