Wow… I guess Garfield isn’t the only one who hates Mondays.
I mean, did you see what happened with the markets? Unless you were living under a rock – of course you saw! However, if you do live under a rock – consider yourself lucky because the market took a nose dive.
The Dow dropped more than 400 points…
The NASDAQ took a huge tumble…
Facebook got ROCKED…
Netflix lost it’s footing as the top ranking on the S&P…
Even IPO-hopeful, Uber, had a driverless car kill a pedestrian…
If you had even a little portion of your portfolio in tech – you were sweating bullets for a few hours.
Unless, of course, you had a helping hand from yours truly…
You may be wondering why GorillaTrades’ subscribers weren’t worried at all when it all hit the fan on Monday – well, before I tell you that, let’s get into the reason behind Monday’s bloodbath.
Before we get too far into this, I’m going to go ahead and let you know that I’m not going to factor BREXIT into the Monday market slump…
I’m just going to stick with what’s going on here on this side of the pond to explain why things seemed to take a header on Monday.
It comes down to two little words: “tech selloff.”
Much of the chaos that happened was due mostly to knee-jerk investors freaking out about what’s been going down with some major companies in the “real” world.
Had many of these rookies done their research they would have come to same conclusion that I did. That the tech selloff that happened on Monday the 19th wasn’t exactly unexpected.
In fact, many people knew it was going to happen – however some of the stories that came out seemed to take a lot of people by surprise…
Especially when it comes to Facebook.
Facebook Inc. (FB) shares took a hit on Monday, their biggest in over 3 years. Why? Well, it’s probably due to the fact that politicians in both Europe and the U.S. are asking Mark Zuckerberg to explain how a political advertising firm may have received data on millions of Facebook users without their knowledge or consent.
Apparently, U.K.-based, Cambridge Analytica, a data-analysis firm, was able to access and harvest the personal information of millions of users from the 2016 presidential election.
This is an event that has been building for months – and those in “the know” were just waiting for the story to come to light.
When one of the biggest tech companies on the planet seems to have a data leak – questions are going to get asked…
And those questions are going to have an impact on the global markets because – it’s one of the biggest tech companies on the planet!
If you’ve even dabbled in trading stocks, you understand, that’s just how it works.
But it didn’t stop there…
The tech world took another hit when news broke about Uber’s driverless car running over and killing a pedestrian in Arizona.
Now, this is a weird one because Uber isn’t a publicly traded company yet…
It has been on the IPO block for a few years now – but the fact that it is a popular and progressive company experimenting and implementing new advancements in technology really puts a damper on the entire industry.
Then, factor in that another big tech company, Netflix (NFLX) lost a little luster as it lost its top spot as the S&P’s top performing stock of the year – and tech was bound to take a tumble.
When tech feels it – the entire market feels it…
I mean, we’re living in a society where so much depends upon these little gizmos, gadgets, and programs – of course it’s going to send shock waves reverberating throughout the investing world.
However…
While we may lean very heavily towards technology – the fact remains that we are still a very diverse population – which means there are still plenty of investors out there who can and do keep their portfolios diversified in order to guard their wealth.
Which is exactly what makes the GorillaTrades system so successful…
Understand, the trading matrix that makes up the GT system doesn’t care about industries, politics, or gossip – it only cares about numbers.
Which is why the selloff didn’t really scare GT subscribers.
There is only one number GT subscribers care about – and that’s the profit target.
So, next time you find yourself biting your fingernails over some big selloff – consider joining GorillaTrades – and leave the anxiety all to me.
“The platforms that are big, global, diversified, and both financial and physically enabled are competitively much better positioned than those which are not.” – Blythe Masters