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Category Archives: Economy

Stock market plunges as coronavirus fears escalate

In the financial markets, hindsight is forever 20/20, but foresight is legally blind. And thus, for most investors, market timing is a practical and emotional impossibility. – Benjamin Graham The 11-year bull market in stocks came to an abrupt end last week and the market officially entered a bear market as panic-stricken investors were greeted […]

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Coronavirus fears lead to wild market swings, S&P 500 posts modest gains

What to do when the market goes down? Read the opinions of the investment gurus who are quoted in the Wall Street Journal. And, as you read, laugh. We all know that the pundits can’t predict short-term market movements. Yet there they are, desperately trying to sound intelligent when they really haven’t got a clue. […]

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Major stock averages plunge as coronavirus fears grip Wall Street

I can’t recall ever once having seen the name of a market timer on Forbes annual list of the richest people in the world. If it were truly possible to predict corrections, you’d think somebody would have made billions by doing it. – Peter Lynch Fear gripped Wall Street last week as panic-stricken investors sent […]

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Stocks drop as coronavirus fears reignite global growth worries

Index funds have a large following among institutional investors such as pension funds and insurance companies. Ironically, one of the most vocal advocates of index funds for individual investors is Warren Buffett, self-made billionaire and chairman of Berkshire Hathaway Inc., who made his fortune through individual stock selection. – Richard A. Ferri, CFA and author […]

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Stocks defy gravity, rise again despite coronavirus fears

People who succeed in the stock market also accept periodic losses, setbacks and unexpected occurrences. Calamitous drops do not scare them out of the game. – Peter Lynch The stock market shrugged off a surge in new confirmed cases of the coronavirus and posted healthy gains for the second consecutive week. The biggest winner was […]

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S&P 500 hits record high before falling on strong jobs report

The safe way to double your money is to fold it over once and put it in your pocket. – Kin Hubbard, American humorist Despite news that there were over 31,000 confirmed cases of the coronavirus and over 600 deaths in China, the major stock averages hit record highs on Thursday, only to relinquish those […]

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Dow drops 2.5% as fears rise over spread of coronavirus

A market downturn doesn’t bother us. It is an opportunity to increase our ownership of great companies with great management at good prices. – Warren Buffett Investors succumbed to fears over the spread of the coronavirus in China last week and the major stock averages all closed lower, with losses ranging from 2.5% for the […]

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S&P 500 posts first weekly loss in 2020 on coronavirus fears

I don’t know where the stock market is going, but I will say this: that if it continues higher, this will do more to stimulate the economy than anything we’ve been talking about today or anything anybody else was talking about. – Alan Greenspan The Dow Jones Industrial Average was a victim of profit-taking last […]

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Dow closes above 29,000 as Phase One trade deal with China signed

The hardest thing over the years has been having the courage to go against the dominant wisdom of the time, to have a view that is at variance with the present consensus and bet that view. Courage and the ability to withstand pain are required. – Michael Steinhardt, American investor and hedge fund manager For […]

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Stocks post modest gains as tensions with Iran ease for now

Owning the stock market over the long term is a winner’s game, but attempting to beat the market is a loser’s game. – John C. Bogle The major stock averages resumed their march higher last week and all three closed within a half-percentage point of their all-time closing highs. The Dow Jones Industrial Average eclipsed […]

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