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Category Archives: Federal Reserve

Despite strong earnings from big tech companies, S&P 500 closes flat

If there is one common theme to the vast range of the world’s financial crises, it is that excessive debt accumulation, whether by the government, banks, corporations or consumers, often poses greater systemic risks than it seems during a boom. – Carmen Reinhart, American economist Despite a vast amount of potential market-moving news last week, […]

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Stocks closely modestly lower on proposal to raise capital gains tax rate

Income earned by the sweat of your brow should be taxed at the lowest rates, not the highest. Capital gains should be taxed at a higher rate. – John Bogle Both the S&P 500 Index and the Dow Jones Industrial Average had their four-week winning streaks snapped last week as both benchmarks closed modestly lower […]

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Strong bank earnings propel Dow, S&P 500 to record highs

Outperforming the majority of investors requires doing what they are not doing. Buying when others have despaired and selling when they are full of hope, takes fortitude. – John Templeton For the fourth consecutive week, both the Dow Jones Industrial Average and the S&P 500 Index posted gains and closed on Friday at record highs […]

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Dow, S&P 500 close at record highs as economic recovery gains momentum

The best way to measure your investing success is not whether you’re beating the market but by whether you’ve put in place a financial plan and a behavioral discipline that are likely to get you where you want to go. In the end, what matters isn’t crossing the finish line before anybody else but just […]

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Strong jobs report & prospect of more stimulus power stocks higher

The mistakes we make as investors are when the market’s going up, we think it’s going to go up forever. When the market goes down, we think it’s going to go down forever. Neither of those things actually happen. It doesn’t do anything forever. It’s by the moment. – John Bogle In the holiday-shortened week […]

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Stocks close modestly lower on interest rate fears

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. – Lou Simpson, former CEO of Geico and investment manager for Berkshire Hathaway In what has become a discernible trend over the last several weeks, the stock […]

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Dow, S&P 500 close at record highs on optimism over economy

Trying to catch the bottom on a falling stock is like trying to catch a falling knife. It’s normally a good idea to wait until the knife hits the ground and sticks, then vibrates for a while and settles down before you try to grab it. – Peter Lynch Despite rising interest rates, both the […]

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Stocks mixed on strong jobs report, higher interest rates

Regardless of what happens in the markets, stick to your investment program. Changing your strategy at the wrong time can be the single most devastating mistake you can make as an investor. – John Bogle It was a tale of two markets last week as the technology-heavy Nasdaq Composite Index dropped about 2% on rising […]

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Spike in 10-year Treasury yield roils markets, S&P 500 down 2.5%

While it might seem that anyone can be a value investor, the essential characteristics of this type of investor – patience, discipline and risk aversion – may well be genetically determined. – Seth Klarman A spike in the 10-year Treasury yield to 1.6% roiled the markets last week as all three major stock averages closed […]

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Stocks close mixed as the 10-year Treasury yield hits highest level in a year

Wall Street has a few prudent principles; the trouble is that they are always forgotten when they are most needed. – Benjamin Graham The major stock averages were mixed last week as the Dow Jones Industrial Average eked out a modest gain while the S&P 500 Index and the Nasdaq Composite Index were down 0.7% […]

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