Alibaba set to open in minutes.
I see buying in the treasuries.
And the recent large moves in currencies must be dislocating some large players.
What does it mean? I don't know. We will find out later.
Added note: Jack Ma, the CEO of Alibaba states he wants to be bigger than Walmart. And it seems he could be Walmart on steroids. If BABA goes from B2B to B2C, (consumer) it will have the effect of putting the cheap labor output of China and the world directly available to consumer. This is more deflationary export from them to US.
Cheap, yes. A job creator here. Not so much!