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Category Archives: European Central Bank

Stocks overcome trade war fears to post solid gains

Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future. – Warren Buffett The stock market overcame persistent trade war fears last week to post solid gains as the second quarter earnings season began. The Dow Jones Industrial Average managed to climb back above the 25,000 level, the […]

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S&P 500 closes flat despite several potentially market-moving events

The stock market is a no-called-strike game. You don’t have to swing at everything – you can wait for your pitch. The problem when you’re a money manager is that your fans keep yelling, ‘Swing, you bum!” – Warren Buffett Between the North Korean summit meeting, the Federal Open Market Committee (FOMC) meeting and the […]

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Strong momentum lifts Dow nearly 3% ahead of N. Korean summit meeting

The most dangerous thing is to buy something at the peak of its popularity. At that point, all favorable facts and opinions are already factored into its price and no new buyers are left to emerge. – Howard Marks The stock market continued its momentum from the unexpectedly strong May employment report to post solid […]

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Despite strong quarterly earnings, S&P 500 closes flat

If past history was all there was to the game, the richest people would be librarians. – Warren Buffett Despite continued strong first quarter corporate earnings reports and positive economic data, the major stock averages were little changed last week. Both the Dow Jones Industrial Average and the Nasdaq Composite Index closed modestly lower while […]

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Stocks lose momentum but still manage to post modest gains for week

Look at market fluctuations as your friend rather than your enemy. Profit from folly rather than participate in it. – Warren Buffett What started as a promising week for the stock market ended with a fizzle as stocks sold off on Thursday and Friday and nearly wiped out the earlier gains. Strong earnings were the […]

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Stocks surge on strong February jobs data

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, American investor and former manager of Vanguard’s Windsor Fund The stock market celebrated the ninth anniversary of the […]

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Dow climbs 507 points or 2% to close at another record high

The less prudence with which others conduct their affairs, the greater the prudence with which we should conduct our own affairs. – Warren Buffett The stock market continued its torrid pace to start the new year with all three of the major averages posting solid gains and closing at record highs. The best performer was […]

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Strong technology earnings lift Nasdaq to all-time high

Although it’s easy to forget sometimes, a share is not a lottery ticket…it’s part-ownership of a business. – Peter Lynch Strong earnings from several technology giants on Friday propelled the Nasdaq Composite Index to an all-time record high close and enabled the index to post a gain of over 2% for the day. The S&P […]

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S&P 500 closes flat as Fed leaves interest rates unchanged

You can become, to an enormous degree, the person you want to be. – Warren Buffett Although there was a plethora of newsworthy items and economic data last week, the major stock averages barely budged and ended the week at almost the same levels where they began. The S&P 500 Index rose only two points […]

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Hurricanes Harvey and Irma take wind out of stocks, close modestly lower

The game of life is the game of everlasting learning. At least it is if you want to win. – Charlie Munger The month of September has historically been one of the worst performing months of the year and if last week’s market action is any indication, that trend could continue. All three of the […]

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