quick look at China

in what appears to be the largest IPO ever ALIBABA should be coming to the street …pushing the limits of 20 BB it’s something to be watched.  Not for the John Q Public but for the banks Credit Suise, Goldman, Morgan Stanley, etc. are going to make 100’s of millions on this one.  So, I don’t think they will let this one go by the wayside …

ALIBABA

but here’s what’s interesting … we have the Chinese Yuan FX pair causing quite the unwind and a representative ETF, FXI, of China is on a clff …here, take a look:

this sure is an amazing dance to watch … kind of reminds me of the Blackstone (BX) IPO .  These two charts should tell you the story:

the bears are getting hungry and this IPO is going to be one heck of a show. the biggest IPO in history couldn’t possibly end up w/ the same fate as BX? Could it …?  Stay tuned …