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Category Archives: Economy

Strong earnings lift Dow to record high

The market is a pendulum that forever swings between unsustainable optimism (which makes stocks too expensive) and unjustified pessimism (which makes them too cheap). The intelligent investor is a realist who sells to optimists and buys from pessimists. – Benjamin Graham All three major stock averages rose for the third consecutive week and the Dow […]

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Strong bank earnings propel stock market higher

If there is one common theme to the vast range of the world’s financial crises, it is that excessive debt accumulation, whether by the government, banks, corporations or consumers, often poses greater systemic risks than it seems during a boom. – Carmen Reinhart, American economist For the second straight week, the stock market rallied into […]

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Stocks post modest gains as debt ceiling crisis averted

The courage to press on regardless – regardless of whether we face calm seas or rough seas, and especially when the market storms howl around us – is the quintessential attribute of the successful investor. – John Bogle After a rocky start to the week that saw the stock market plunge on Monday due to […]

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Rising interest rates and inflation fears sink stocks

October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February. – Mark Twain In another volatile week of trading, the major stock averages succumbed to fears of rising inflation, higher bond yields and the prospect of Federal […]

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S&P 500 plunges 5% from record high, rebounds to close modestly higher

Speculation is an effort, probably unsuccessful, to turn a little money into a lot. Investment is an effort, which should be successful, to prevent a lot of money from becoming a little. – Fred Schwed Jr., was a professional trader on Wall Street and author By Friday’s close last week, the Dow Jones Industrial Average […]

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Stocks post modest losses despite mostly favorable economic data

It’s very difficult for any particular segment of the stock market to sustain superior performance. The watch word for our financial markets is “reversion to the mean”, i.e. what goes up must come down, and it’s true more often than you can imagine. – John Bogle Although the Dow Jones Industrial Average snapped its 5-day […]

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Stocks fall as concerns mount over impact of Delta variant

The first rule of investment is ‘buy low and sell high’, but people fear to buy low because of the fear of the stock dropping even lower. Then you may ask: ‘When is the time to buy low?’ The answer is: When there is maximum pessimism. – Sir John Templeton Trees do not grow to […]

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Despite weak jobs report, S&P 500, Nasdaq close at record highs

The key to investing is not assessing how much an industry is going to affect society, or how much it will grow, but rather determining the competitive advantage of any given company and, above all, the durability of that advantage. – Warren Buffett The stock market continued its winning ways last week as both the […]

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S&P 500, Nasdaq at record highs after Powell’s dovish comments

While enthusiasm may be necessary for great accomplishments elsewhere, on Wall Street it almost invariably leads to disaster. – Benjamin Graham Both the S&P 500 Index and the Nasdaq Composite Index closed at record highs last week as investors cheered Federal Reserve Chairman Jerome Powell’s speech at the Jackson Hole Economic Symposium last week. The […]

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Stocks close lower on Fed taper anxiety, weak retail sales

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 […]

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