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Category Archives: Federal Reserve

S&P 500 closes modestly lower but posts 19% gain for the year

The stock market is a device for transferring money from the impatient to the patient. – Warren Buffett Although the stock market limped to the finish line by posting modest losses last week, all three major averages ended in positive territory in December and recorded impressive gains for the year. December has historically been the […]

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Stocks close modestly higher as Congress passes tax reform

While enthusiasm may be necessary for great accomplishments elsewhere, on Wall Street it almost invariably leads to disaster. – Benjamin Graham Despite a wealth of news and economic data last week that was mostly positive, the three major stock averages closed only modestly higher. For the Dow Jones Industrial Average and the S&P 500 Index, […]

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Major stock averages close at record highs on tax reform news

The only time to buy that which you don’t understand is on the day with no Y in it. – Warren Buffett All three of the major stock averages closed at record highs last week as the odds that the Republicans would pass a tax reform package increased substantially. While there was some doubt as […]

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Strong jobs report lifts Dow, S&P 500 to record highs

The extravagance of any corporate office is directly proportional to management’s reluctance to reward the shareholders. – Peter Lynch After posting declines for the first three days last week, the stock market reversed course and ended the week with modest gains. In doing so, both the Dow Jones Industrial Average and the S&P 500 Index […]

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Dow rallies nearly 3% on strong Thanksgiving shopping results

Wall Street makes its money on activity… You make your money on inactivity. – Warren Buffett Strong retail sales over the long Thanksgiving weekend that culminated with Cyber Monday and high levels of consumer confidence enable the Dow Jones Industrial Average to break through the 24,000 barrier with a gain of almost 3% last week. […]

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S&P 500, Nasdaq close at record highs on earnings, holiday shopping optimism

Individuals who cannot master their emotions are ill-suited to profit from the investment process. – Benjamin Graham The stock market has historically been strong during Thanksgiving week and it did not disappoint investors this past week. Fueled by optimism that this will be a strong holiday shopping season, both the S&P 500 Index and the […]

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S&P 500 closes modestly lower despite continued strong earnings

I have probably purchased fifty hot tips in my career, maybe even more. When I put them all together, I know I am a net loser. – Charles Schwab Even though the Dow Jones Industrial Average and the S&P 500 Index posted their first two-week losing streak since August, the stock market showed its resiliency […]

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Strong momentum powers S&P 500 to record high

Individuals who cannot master their emotions are ill-suited to profit from the investment process. – Benjamin Graham Driven by continued strong momentum by the market’s best-performing stocks, all three of the major stock averages closed at record high levels last week. It was the eighth consecutive weekly gain for the Dow Jones Industrial Average and […]

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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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Dow closes above 23,000 on strong quarterly earnings results

You need to have a passionate interest in why things are happening. That cast of mind, kept over long periods, gradually improves your ability to focus on reality. If you don’t have that cast of mind, you’re destined for failure even if you have a high I.Q. – Charlie Munger, Vice Chairman of Berkshire Hathaway […]

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