The market is irrational. Earnings report is good and stock is clearly undervalued. Stick to the basic and fundamentals of investing in good business and you will be fine.
Alibaba Group Holding Q2 Adj EPS $0.27, up 21% YoY, Sales $30.81B up 9% YoY
Hahahaha...all the best to those who just dumped their stocks. The stock market is a device to transfer wealth from the impatient to the patient. The best investors are those who can control their emotions!
U.S. Consumer Prices Rose 8.3% in August, Higher Than Expected
Did the market rallied because investors felt that with the rate hikes it will keep inflatiunder control and thus chances if recession or long term bear market is low? Not sure if I understand the article correctly.
US STOCKS-Wall Street Rallies to Close Higher After Fed Statement