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Category Archives: Economy

S&P 500 closes modestly higher on strong bank quarterly earnings

Based on my own personal experience – both as an investor in recent years and an expert witness in years past – rarely do more than three or four variables really count. Everything else is noise. – Martin Whitman, American investment advisor and founder of Third Avenue Management The major stock averages closed mixed last […]

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S&P 500 closes modestly higher on partial U.S.-China trade deal

Most of the time common stocks are subject to irrational and excessive price fluctuations in both directions as the consequence of the ingrained tendency of most people to speculate or gamble…to give way to hope, fear and greed. – Benjamin Graham Trade negotiations between the U.S. and China resumed last week and when the talks […]

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S&P 500 closes modestly lower in volatile week of trading

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 The month of October has historically been one of the most volatile months of the year and this past week lived up to this […]

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Prospect of impeachment & more trade uncertainty sink stocks

Great investors are not unemotional but are inversely emotional – they get worried when the market is up and feel good when everyone is worried. – Bill Miller The stock market declined for the second straight week as investors became unnerved by continued trade uncertainty with China as well as new political uncertainty over an […]

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S&P 500 falls as trade war uncertainty trumps Fed rate cut

The best thing that happens to us is when a great company gets into temporary trouble…We want to buy them when they’re on the operating table. – Warren Buffett Once again it was trade-related tensions with China that ultimately determined whether or not the stock market was positive or negative last week. Through the close […]

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S&P 500 gains 1% as U.S.-China trade tensions ease

The only true test of whether a stock is “cheap” or “high” is not its current price in relation to some former price, no matter how accustomed we may have become to that former price, but whether the company’s fundamentals are significantly more or less favorable than the current financial-community appraisal of that stock. – […]

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Stocks rebound despite trade uncertainty and recession fears

  The single greatest edge an investor can have is a long-term orientation. – Seth Klarman In the face of continued trade uncertainty with China and renewed recession fears, the major stock averages rallied last week for their best performance since June. The S&P 500 Index rose nearly 3% as China announced that it would […]

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Stocks close lower as China trade war tensions escalate

Outperforming the majority of investors requires doing what they are not doing. Buying when others have despaired, not selling when they are full of hope, takes fortitude. – John Templeton What looked like solid gains for the major stock averages through Thursday last week turned into losses of at least 1% as President Trump took […]

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Stocks close lower in volatile week on trade war fears

An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return. Operations not meeting these requirements are speculative. – Benjamin Graham In a wild week on Wall Street that saw the S&P 500 Index plunge 3% on Monday, the stock market managed to claw its way back and end […]

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S&P 500 drops 3.1% as trade war with China escalates

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 Bogle After closing at record highs the previous week, fortunes turned for both the S&P 500 Index and the Nasdaq Composite Index last week as both benchmarks suffered their worst performance […]

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