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Category Archives: Economy

Stocks rise despite disappointing jobs data

The most important thing to do if you find yourself in a hole is to stop digging. – Warren Buffett Despite a much weaker than expected employment report for September and mostly lackluster economic data last week, the S&P 500 Index managed to gain 1% as stocks staged a remarkable turnaround on Friday to close […]

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Fed policy uncertainty causes stocks to decline

While some might mistakenly consider value investing a mechanical tool for identifying bargains, it is actually a comprehensive investment philosophy that emphasizes the need to perform in-depth fundamental analysis, pursue long-term investment results, limit risk and resist crowd psychology. – Seth Klarman The major stock averages all declined last week as the Federal Reserve’s Sept […]

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Stocks close lower on Fed rate hike decision

You only have to do a few things right in your life so long as you don’t do too many things wrong. – Warren Buffett The old stock market adage buy the rumor and sell the news was evident last week as stocks rallied ahead of the Federal Open Market Committee (FOMC) meeting only to […]

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Stocks rebound ahead of FOMC meeting this week

The stock market is the story of cycles and of the human behavior that is responsible for overreactions in both directions. – Seth Klarman, American billionaire who founded one of the world’s largest hedge funds In a relatively calm week that was devoid of any key economic data and notable corporate earnings reports, the S&P […]

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Stocks fall on renewed Fed rate hike fears

What counts for most people in investing is not how much they know, but rather how realistically they define what they don’t know. – Warren Buffett Negative sentiment returned to the stock market last week as both the S&P 500 Index and the Dow Jones Industrial Average fell more than 3% after a mixed jobs […]

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Stocks plunge, rebound to end week slightly higher

As in roulette, same is true of the stock trader, who will find that the expense of trading weights the dice heavily against him. – Benjamin Graham The S&P 500 Index went on a roller coaster ride last week, plunging more than 12% from its 2015 highs on Tuesday only to finish the week in […]

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S&P 500 plunges on global growth fears

We have long felt that the only value of stock forecasters is to make fortune-tellers look good. – Warren Buffett What had been manageable losses for the major stock averages unexpectedly turned ugly on Friday as stocks plunged, contributing to a painful decline of 6% for the week. It was the biggest weekly point drop […]

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Stocks rally to close higher after China devalues currency

If you are not willing to own a stock for 10 years, do not even think about owning it for 10 minutes. – Warren Buffett An unexpected Chinese currency devaluation sent shock waves through the stock market last week but stocks were able to regain their footing and finished slightly higher by Friday’s close. In […]

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S&P 500 Index rebounds despite mixed earnings results

We want these assets to be productive. We buy them. We own them. To say we care only about the short term is wrong. What I care about is seeing these assets in the best hands. – Carl Icahn Despite weak earnings results from some bellwether companies last week, the S&P 500 Index managed to […]

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Stocks drop on global growth concerns, disappointing earnings

Know what you own, and know why you own it. – Peter Lynch Unlike the prior week that produced mostly positive earnings surprises, disappointing earnings this past week led to losses of between 2% and 3% for the major stock averages. While the S&P 500 Index lost just over 2%, the Dow Jones Industrial Average […]

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