Just because somebody’s smart enough to build a fortune or a very large nest egg – doesn’t mean that they know everything there is to know. In fact… The odds are that many of the newly wealthy haven’t a clue as to how to manage their money once it reaches seven figures – and while…
DetailsThe correction of the past few weeks continued on Wall Street, but interestingly stocks ended the week well above their lows, just like they did a week ago. Despite the mid-week weakness, the Gorilla thinks that the underlying trend remains bullish. The Nasdaq continued to show encouraging relative strength, and finally, small caps seem to…
DetailsThey say if you want to be successful – find a successful person and try to imitate them. Sounds simple enough – but I can tell you from experience – it’s nowhere near as easy as it sounds. A better idea would be to study what makes a person successful – figure out their secret…
DetailsStocks ended a strange and mixed week on a negative note Friday, as investors cheered the better-than-expected retail sales and consumer confidence data. The week was strange as traders saw the dollar and price of oil soar together; a rare phenomenon indeed. The major indices ended in the red, but the Gorilla noticed encouraging signs…
DetailsState of the Stock Market Analysis for the Week Ending May 15th, 2016 (Consumer Sentiment Skyrockets 5-15-16) It was a surprising Friday for the stock market, especially since investors were expecting a disappointing set of numbers in terms of retail sales and consumer sentiment. After all, last week’s dismal jobs report showed that just 160,000…
DetailsIt’s happening again. The talking heads on the boob tube keep bringing up scary terms like “pull back”, “bear market” and even “recession”… but are they right? Are we close to another bear market or even a recession? The short answer? Maybe… But don’t start selling off everything just yet – nor should you begin…
DetailsAs the correction continued on Wall Street last week, traders have been looking for the reason of the recent downturn, and the Gorilla thinks he might just have the answer. The end of the earning season is drawing closer and the picture is not pretty. According to early aggregates, profits declined by 7% on average…
DetailsState of the Stock Market Analysis for the Week Ending May 8th, 2016 (Dismal Jobs Report Sets The Stage 5-08-16) Bulls had been looking for a late-session Friday bounce, and that was exactly what happened after the early-session decline we saw following the dismal government jobs report. Friday’s afternoon rally was a great way to…
DetailsIt’s hard to imagine that in the 21st Century that the tech industry would be taking a licking – but for the past year and a half, that’s EXACTLY what’s been happening – as many companies (with a few exceptions) throughout the industry have been getting hammered. And we’re not just talking about the little…
DetailsState of the Stock Market Analysis for the Week Ending May 1st, 2016 (Earnings Continue To Be Mixed 5-01-16) It was a rough week for a stock market that was looking for direction. Stocks traded flat and mixed through Wednesday, but following the Fed’s comments on Wednesday, we saw a big decline on Thursday and another…
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