The idea that a bell rings to signal when investors should get into and out of the market is simply not credible. After nearly 50 years in this business, I do not know of anybody who has done it successfully and consistently. I don’t even know anybody who knows anybody who has done it successfully […]

Stocks close lower on Fed interest rate hike fears

There are two times in a man’s life when he should not speculate – when he can’t afford it and when he can. – Mark Twain For the second straight week to start the new year, stocks closed lower as fears mounted that the Federal Reserve will begin to fight inflation aggressively with interest rate […]

Stocks fall as the Fed prepares to tighten monetary policy

Every day, self-proclaimed stock market “experts” tell us why the market just went up or down, as if they really knew. So where were they yesterday? – Anonymous The major stock averages all closed lower last week after the Federal Reserve released minutes from its December meeting that showed that Fed officials were ready to […]

S&P 500 posts gains as Santa Claus doesn’t disappoint

The mistake we make as investors is when the market’s going up, we think it’s going to go up forever. When the market goes down, we think it’s going to go down forever. Neither of those things actually happen. It doesn’t do anything forever. It’s by the moment. – John Bogle Santa Claus didn’t disappoint […]

S&P 500 Index closes at record high as Omicron fears subside

Over the last few decades, investors’ timeframes have shrunk. They’ve become obsessed with quarterly returns. In fact, technology now enables them to become distracted by returns on a daily basis, and even minute-by-minute. Thus one way to gain an advantage is by ignoring the ‘noise’ created by the manic swings of others and focusing on […]

Stocks tumble on Omicron fears, shift in Fed policy

Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell. – Warren Buffett The worrisome spread of the Omicron variant of Covid-19 and the prospect of tighter monetary policy by the Federal Reserve were too much for the stock market to overcome last week as the S&P […]

S&P 500 closes at all-time high despite hotter than expected CPI

In a rising market, everyone makes money and a value philosophy is unnecessary. But because there is no certain way to predict what the market will do, one must follow a value philosophy at all times. – Seth Klarman, American hedge fund manager Stocks rebounded strongly last week as concerns about the spread of the […]

Omicron variant and Fed comments spook markets, stocks fall

The stock market goes up or down and you can’t adjust your portfolio based on the whims of the market, so you have to have a strategy in a position and stay true to that strategy and not pay attention to noise that could surround any particular investment. – John Paulson The weakness in stocks […]

Stocks plunge on fears of new Covid-19 variant

The most common cause of low prices is pessimism – sometimes pervasive, sometimes specific to a company or industry. We want to do business in such an environment, not because we like pessimism but because we like the prices it produces. It’s optimism that is the enemy of the rational buyer. – Warren Buffett The […]

S&P 500 posts gain on strong retail earnings, retail sales data

Bubbles are brutal…they force us to decide to either look like an idiot before the crash, or look like an idiot after it. – John Hussman, American economist and hedge fund manager The S&P 500 Index resumed its upward climb last week with modest gains and closed at an all-time high as retail sales data […]