Yahoo! - I'm On The Record

Yes, the market is down around 1% in the first 5 minutes of trading thanks to continued fears over the Greece debt crisis..look sooner or later Greece is going to default on their debt and go into bankruptcy.  When this happens, of course several large European banks will be on the hook for this and take heavy losses, but as I said yesterday, WE ARE NOT EUROPE.  Once we get past all the same problems over there that we've been talking and hearing about for the past year, stocks will move strongly up and there will be a lot of money made (just like there was following the U.S. banking crisis in 2007-2008).

On an extremely bright note however, I've mentioned several times that I thought Yahoo was on the auction block and would be bought by another company soon.  I firmly believe Jack Ma and Alibaba, along with private equity firm Silver Lake Partners (who recently provided a loan to Alibaba, will purchase Yahoo in the coming month(s).  Needless to say, anyone who owns or is considering owning Yahoo will make good money on the stock soon.  Below is an excerpt from a speech Jack Ma (the chinese Billionaire) gave this past friday: 

We are very interested in Yahoo! because our Alibaba Group is so important to Yahoo! and Yahoo! is also very important to us.... It’s more complicated than we thought, and there are so many people interested in that. We are talking to them, and they are talking to us.... I cross my fingers, just to say, we are very, very interested.

-- Jack Ma (Alibaba Group CEO), Stanford University speech on Friday