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Follow on Google News | Iraq Throws Cold Water on Lukewarm Economy | Gorilla TradesStock market analysis for the week ending June 14th 2014 from the Gorilla Trades stock market blog
By: Gorilla Trades It is interesting to have “stability” Consumers are still on edge, though, as was evident in Friday’s University of Michigan Consumer sentiment number (http://www.reuters.com/ We will see what happens with Iraq and interest rates, but we can at least rest easy knowing that the stock market has done so well since the popping of the housing bubble and the Lehman-led financial markets crash of 2007-2009. Is the stock market watching the same economy that the rest of us are? Who knows, but the stock market has been strong and bullet-proof for more than five years, and the bulls are confident it will remain strong. There are some strategists and sages, however, warning that the good times might not last forever. It is always great to hear the insight of an old Wall Street legend, and it was interesting getting the take from Tiger Hedge Fund guru Julian Robertson (http://en.wikipedia.org/ As many recall, Robertson closed his infamous Tiger Fund in 1999 as the Tech Bubble soared. He said back then that the stock market no longer made sense to him, and he was quitting for a while. He was no fan of the “dot.com revolution,” That is not to say the bull market is in dire straits at all. It has confounded most pundits for years with its upward drive, but there are a lot of negatives out there that could make more upside challenging to say the least. When you have an escalating war in Iraq, spiking oil prices, a new Fed Chairman, a weakening housing market, a wary consumer sector, and a generally soggy economy, it is difficult to make the case for another big leg up in the stock market. It is encouraging to see this past week’s weakness act, well, weak. A stock market that holds its ground no matter what the forces of the universe throw against it is impressive. For all of the negatives of the past five years, this bull market has had quite a run. It is still holding up well, and we should see more of the same this summer. That said, the Gorilla wishes each and all a wonderful and restful “Full Moon” weekend.” Summer is on the way, and maybe a summer rally is not far behind. Did you love what Gorilla Trades had to say in this week’s exclusive stock market analysis (http://www.gorillatrades.com/ End
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