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Category Archives: Dow Jones Industrial Average

Stocks close lower on weak economic data, rising Covid-19 cases

The wisest rule in investments is: when others are selling, buy. When others are buying, sell. – Jonathan Sacks Profit-taking hit the stock market last week as both the S&P 500 Index and the Nasdaq Composite Index fell 1.5% even though President-elect Joe Biden announced a $1.9 trillion stimulus package and the Federal Reserve reiterated […]

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S&P 500 gains nearly 2% for the week, bodes well for 2021

Over the short-term, however, the fundamentals are often overwhelmed by the deafening noises of speculation – the price at which the stock market values each dollar of earnings. – John Bogle Despite several events last week that under normal circumstances would have caused the stock market to trade lower, just the opposite happened as all […]

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Dow, S&P 500 end year at record highs as Trump signs stimulus bill

A 10% decline in the market is fairly common – it happens about once a year. Investors who realize this are less likely to sell in a panic, and more likely to remain invested, benefitting from the wealth-building power of stocks. – Christopher Davis The major stock averages ended an otherwise dismal year on a […]

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Stocks close mixed as Congress finally passes stimulus bill

You know, people talk about this being an uncertain time. You know, all time is uncertain. I mean, it was uncertain back in – in 2007, we just didn’t know it was uncertain. It was – uncertain on September 10th, 2001. It was uncertain on October 18th, 1987, you just didn’t know. – Warren Buffett […]

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Stocks gain on positive vaccine news, hope for stimulus bill

Outperforming the majority of investors requires doing what they are not doing. Buying when others have despaired, and selling when they are full of hope, takes fortitude. – John Templeton The stock market turned in another positive week as the Dow Jones Industrial Average, S&P 500 Index and Nasdaq Composite Index all closed at record […]

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Stocks fall victim to profit-taking as Covid-19 cases spike

The point is that market returns are determined by both investment factors – the fundamentals of the initial dividend yield on stocks plus the rate at which their earnings grow – and speculative factors – the change in the price that investors will pay for each $1 of corporate earnings. – John Bogle After closing […]

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S&P 500 closes at record high despite rising Covid-19 cases, weak jobs report

If people are risk-tolerant and afraid of being out of the market, they buy aggressively, in which case you can’t find any bargains. That’s what the Fed engineered by putting rates at zero. – Howard Marks The stock market continued to defy gravity last week as all three major averages posted gains and closed at […]

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Stocks surge on more positive vaccine news

Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can’t buy what is popular and do well. – Warren Buffett It was a banner week for the stock market as the Dow Jones Industrial Average closed above 30,000 for the first time […]

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S&P 500 falls as surge in Covid-19 cases outweighs positive vaccine news

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 Both the S&P 500 […]

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Dow Jones Industrial Average soars on positive Covid-19 vaccine news

If you can follow only one bit of data, follow the earnings (assuming the company in question has earnings). I subscribe to the crusty notion that sooner or later earnings make or break an investment in equities. What the stock price does today, tomorrow or next week is only a distraction. – Peter Lynch Investors […]

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