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Category Archives: Economy

Major stock averages close mixed as jobs-related data softens

Before you invest, you must ensure that you have realistically assessed your probability of being right and how you will react to the consequences of being wrong. – Benjamin Graham  The major stock averages were mixed in the holiday-shortened week as investors digested a plethora of jobs-related data that appeared to show the economy is […]

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Stocks rally on improved bank sentiment, favorable inflation data

The courage to press on 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 slow start to the week, stocks found their footing and never looked back as the major stock averages […]

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Stocks close higher despite Fed rate hike, bank turmoil

This decade is strewn with examples of bright people who thought they built a better mouse trap that could consistently extract abnormal returns from the financial markets. Some succeed for a time. But while there may occasionally be misconfigurations among market prices that allow abnormal returns, they do not persist. – Alan Greenspan  The Federal […]

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Banking crisis causes volatile week for markets, stocks end mixed

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  After two bank failures the previous week, the U.S. banking system was in the spotlight again last week and was largely responsible for wild swings in […]

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Stocks rally to begin March despite mixed economic data

The only investors that don’t need to diversify are those that are right 100% of the time. – Sir John Templeton  After falling nearly 3% the previous week on hotter than expected inflation data, the stock market recovered some of those losses last week despite mixed reports on the current state of the economy. The […]

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Stocks tumble on hawkish Fed minutes, inflation data

Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks. – Warren Buffett A hotter than expected inflation report and rising bond yields took their toll on the stock market last week as the Dow Jones Industrial Average fell […]

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Hawkish Fed comments, lackluster earnings send stocks lower

 Price is a creature of the market’s mood. In booms, it is set by the greediest buyer; in busts by the most fearful seller. – Benjamin Graham After a strong start to the year for the major stock averages, investors took some profits last week after Federal Reserve Chairman Jerome Powell gave some hawkish remarks […]

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Nasdaq surges after dovish remarks by Fed Chair Powell, S&P 500 up 1.6%

It’s not always easy to do what’s not popular, but that’s where you make your money. Buy stocks that look bad to less careful investors and hang on until their real value is recognized. – John Neff Dovish remarks by Federal Reserve Chairman Jerome Powell last week and a strong earnings report from Meta Platforms […]

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Ahead of Fed meeting, stocks gain on favorable inflation data

The most common cause of low prices is pessimism – sometimes pervasive, sometimes specific to a company or industry. We want to do business in such an environment, not because we like pessimism but because we like the prices it produces. It’s optimism that is the enemy of the rational buyer. – Warren Buffett The […]

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S&P 500 closes modestly lower as earnings, economic data mixed

In many ways, the stock market is like the weather in that if you don’t like the current conditions all you have to do is wait a while. – Low Simpson, former chief investment officer for Geico, a Berkshire Hathaway subsidiary Quarterly corporate earnings and economic data were decidedly mixed last week and that is […]

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