World’s first negative interest rate mortgage

Never thought of this would happen

question is, to flush out bad stuff in which industry? i tried to find bubbles in an industry, but couldn't find yet....well, in HK, there is a quite obvious one, the housing industry (a drop of 50% sounded reasonable, although that's quite unlikely to happen in short term), highly overpriced products.

But in US, can you find any?

Actually, what i mean was, the industries that may caused recession, not about valuation of public listed companies.
Tesla, even if it bankrupt, it will not cause any major damage to the US economy. The same goes to Beyond Meat and Uber etc.
Stocks overvalued can only caused a little effect on investors who invested in them, unless it's a broad base overvaluation in entire US market, which may cause financial crisis.

You mention JD. I think it's not too overpriced, just that the market has priced in its current/forward earnings instead of trailing earnings.
For FY19, consider GAAP EPS (in USD), Q1 is 0.74 and Q2 is 0.05, that goes 1.58 full year (although most people think 2H should be even stronger due to holiday season). This gives a PE of 19x at $30 share price. Now see Non-GAAP EPS. Q1 is 0.33 and Q2 is also 0.33, that goes 1.32 full year. This gives PE of 22.7x. I'd say, not so expensive, consider it's likely to maintain double digits earning growth in the next few years. For JD, the kind of company which still at high growth/shaping stage, the earnings and expenses can be very volatile. I like to simply look at its market cap after a healthy balance sheet (JD has a healthy balance sheet and cash flow). JD's market cap is only 10% of Alibaba, and 5% of Amazon. When i look at how big JD is, and how small its market cap is, i say it's a bargain.

Thanks for the info on US housing market, surprise to know that some regions has cheaper than Malaysia house! However, nowadays, Malaysia housing price is overvalued for sure. As for KL, i guess, maybe a 25% overpriced. But in HK and even China, house in city center is ridiculously high!

Thanks for sharing 

In Malaysia, I think middle class household income in big city could be around 6000-12000. Affordable house price is around 500K. Lets take 10K as income (it's 120K annual). That's 4.16x, pretty decent! Surprisingly! So there will still be huge leg up potential then, if economy able to improve long term. You are making USD income, you must have bought dozens of house in Malaysia. 

Most invested in property because of easy and cheap leverage.

Anyone can recommend an online US stock exchange tht is [i]cheap for [/i]newbee and not big capital player?
May not bw frequently Trade.

Thanks

do you think fed will raise rate?

is there any president in any country in the world with face skin as thick as DT? Just wondering 

Not possible to open as Malaysian right?

Market is quite  bullish.. Hopefully, Trump won't spoil this.  Next week hopefully his enemy is just the Hurricane.

China is likely to keep some bullets for election campaign period.