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Monthly Archives: December 2017

Stocks close modestly higher as Congress passes tax reform

While enthusiasm may be necessary for great accomplishments elsewhere, on Wall Street it almost invariably leads to disaster. – Benjamin Graham Despite a wealth of news and economic data last week that was mostly positive, the three major stock averages closed only modestly higher. For the Dow Jones Industrial Average and the S&P 500 Index, […]

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Major stock averages close at record highs on tax reform news

The only time to buy that which you don’t understand is on the day with no Y in it. – Warren Buffett All three of the major stock averages closed at record highs last week as the odds that the Republicans would pass a tax reform package increased substantially. While there was some doubt as […]

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Strong jobs report lifts Dow, S&P 500 to record highs

The extravagance of any corporate office is directly proportional to management’s reluctance to reward the shareholders. – Peter Lynch After posting declines for the first three days last week, the stock market reversed course and ended the week with modest gains. In doing so, both the Dow Jones Industrial Average and the S&P 500 Index […]

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Dow rallies nearly 3% on strong Thanksgiving shopping results

Wall Street makes its money on activity… You make your money on inactivity. – Warren Buffett Strong retail sales over the long Thanksgiving weekend that culminated with Cyber Monday and high levels of consumer confidence enable the Dow Jones Industrial Average to break through the 24,000 barrier with a gain of almost 3% last week. […]

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