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Category Archives: Global Central Banks

Stocks post modest gains on jobs report, improved economic data

Speculation is an effort, probably unsuccessful, to turn a little money into a lot. Investment is an effort, which should be successful, to prevent a lot of money from becoming a little. – Fred Schwed Jr., professional trader and author of the book Where Are the Customers’ Yachts? The major stock averages closed modestly higher […]

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Stocks close lower as global central banks become hawkish

Investors should be skeptical of history-based models. Constructed by a nerdy-sounding priesthood using esoteric terms such as beta, gamma, sigma and the like, these models tend to look impressive. Too often, though, investors forget to examine the assumptions behind the models. Beware of geeks bearing formulas. – Warren Buffett What a difference a week makes. […]

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S&P 500 edges slightly higher despite Fed interest rate hike

Games are won by players who focus on the playing field – not by those whose eyes are glued to the scoreboard. – Warren Buffett Each of the three major stock averages posted different results last week as economic data was decidedly mixed and inconclusive and earnings reports were almost nonexistent. The Dow Jones Industrial […]

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S&P 500 closes slightly lower on weak retail earnings

Determine never to be idle. No person will have occasion to complain of the want of time who never loses any. It is wonderful how much may be done if we are always doing. – Thomas Jefferson The stock market’s three-week winning streak came to an end last week as both the Dow Jones Industrial […]

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Stocks post solid gains on positive earnings, guidance

In our view, though, investment students need only two well-taught courses – How to Value a Business and How to Think about Market Prices. Your goal as an investor should simply be to purchase, at a reasonable price, a part interest in an easily understandable business whose earnings are virtually certain to be materially higher […]

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Stocks rebound on positive earnings reports, possible tax cuts

The definition of insanity is doing something over and over again and expecting different results. – Albert Einstein After posting losses for the last two weeks, the Dow Jones Industrial Average and S&P 500 Index both rebounded with modest gains while the Nasdaq Composite Index hit an all-time on Thursday and ended the week up […]

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S&P 500 closes at record high, fueled by post-election optimism

The idea that a bell rings to signal when investors should get into or out of the market is simply not credible. After nearly 50 years in this business, I do not know of anybody who has done it successfully and consistently. – John Bogle After seeing its winning streak snapped in the prior week, […]

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S&P 500 rises on positive economic data, Trump optimism

The less prudence with which others conduct their affairs, the greater the prudence with which we should conduct our own affairs. – Warren Buffett Despite headwinds from a stronger U.S. dollar and rising interest rates, stocks continued their upward climb as all three major stock averages added to solid election-week gains. The Russell 2000 Index […]

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Stocks post modest gains on positive earnings reports

It takes twenty years to build a reputation and five minutes to ruin it. – Warren Buffett The S&P 500 Index snapped a two-week losing streak with a modest gain as investors sifted through a plethora of quarterly earnings reports and economic data. The Nasdaq Composite Index posted the biggest gain of the major stock […]

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Stocks edge lower on interest rate fears

The average person is 95 percent eyes and only 5 percent mind when they invest. If you want to become a professional, you need to train your eyes to be only 5 percent and train your mind to see the other 95 percent. – Robert Kiyosaki All three of the major stock averages edged slightly […]

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