Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Alibaba Group Holding Ltd (BABA)’s High Was the Peak Point Of the Market: According To Steve Cortes

Alibaba Group Holding Ltd (NYSE:BABA) debuted in the market at the  time that the market was enjoying an impressive run with the S&P 500 up 9% on a year-over-year. Since then, things have cooled down; Alibaba Group Holding Ltd (NYSE:BABA) has sunk from its near high of $94 and is currently trading at the mid $80. During an interview on Fox Business, Morgan Creek Capital Management CEO, Mark Yusko admitted that the market might be slowing down after reaching highs with the Alibaba Group Holding Ltd (NYSE:BABA) IPO.

Biggest IPOs in US History

Market fundamentals are slowly changing when compared to the previous months as the effects of the Ebola virus continue to bite with a slowdown in Europe making the situation worse. Some investors are already of the opinion that Alibaba IPO might have marked an end to the previous impressive rally.

“We have a cycle; we have a business cycle; the Fed did not eradicate the business cycle things are getting slower. It’s not dire we are not in the brink of recession, but there are some signs that things are getting worse, “said Mr. Yusko.

Being concerned about Alibaba Group Holding Ltd (NYSE:BABA) in the wake of the slowing market fundamentals might be an over-reaction, according to Yusko as the company remains profitable on the online landscape.

The market has in the recent past been recording dramatic moves with the 10-year yield hovering at the 2% range. The Dow Jones Industrial average is already down by 140 points raising concerns as to the direction the market might be headed to. A slowdown in Europe and increased concerns over the Ebola virus has already caused selloffs in the market with Hadgeye Risk Management director Daryl Jones expecting the trend to continue for some time.

Veracruz Research Founder Steve Cortes believes that Alibaba Group Holding Ltd (NYSE:BABA)’s IPO marked the top of the market and that the market direction heading into the New Year could change. Cortes also argues that the Ebola menace has been overblown, paving way for opportunistic traders to reap a great deal from the uncertainties in the market.


Warren Buffett and BillionairesFree Report: Warren Buffett and 12 Billionaires Are Crazy About These 7 Stocks

Let Warren Buffett, David Einhorn, George Soros, and David Tepper WORK FOR YOU. If you want to beat the low cost index funds by an average of 6 percentage points per year look no further than Warren Buffett’s stock picks. That’s the margin Buffett’s stock picks outperformed the market since 2008. In this free report, Insider Monkey’s market beating research team identified 7 stocks Warren Buffett and 12 other billionaires are crazy about. CLICK HERE NOW

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!