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Category Archives: Interest Rates

Major stock averages close at record highs despite lackluster jobs report

Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble. – Warren Buffett All three major stock averages closed at record highs last week as investors continued to hold out hope that economic growth would begin to accelerate, with or without help from President Trump’s pro-growth policies. The year is almost […]

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S&P 500, Nasdaq at record highs despite negative news

A man should never be ashamed to own that he has been in the wrong, which is but saying, in other words, that he is wiser today than he was yesterday. – Jonathan Swift Stocks snapped their two-week losing streak and, in the process, both the S&P 500 Index and the Nasdaq Composite Index closed […]

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Stocks rally to post modest losses in volatile week

Values aren’t fixed; they move in response to changes in the economic environment. Thus, cyclical considerations influence an asset’s current value. Value depends on earnings, for example, and earnings are shaped by the economic cycle and the price being charged for liquidity. – Howard Marks The S&P 500 Index plunged nearly 2% on Wednesday as […]

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S&P 500, Nasdaq close at record highs on earnings, jobs data

The number one idea is to view a stock as an ownership of the business and to judge the staying quality of the business in terms of its competitive advantage. Look for more value in terms of discounted future cash flow than you are paying for. Move only when you have an advantage. – Charlie […]

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Stocks edge slightly lower in heavy news week

Here’s one truth that perhaps your typical investment counselor would disagree with: if you’re comfortably rich and someone else is getting richer faster than you by, for example, investing in risky stocks, so what! Someone will always be getting richer faster than you. This is not a tragedy. – Charlie Munger The major stock averages […]

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Dow, S&P 500 post gains despite Fed rate hike

The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails. -William Arthur Ward, motivational author and speaker It was a foregone conclusion last week that the Federal Reserve would raise interest rates but investors feared that the language of the Fed’s statement and comments by Fed Chair Janet […]

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S&P 500 winning streak ends as Fed rate hike looms

The minute you get away from the fundamentals – whether it’s proper technique, work ethic, or mental preparation – the bottom can fall out of your game, your schoolwork, your job, whatever you’re doing. – Michael Jordan The S&P 500 Index celebrated the eight-year anniversary of the bull market this past week but closed modestly […]

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Dow closes above 21,000 on President Trump’s speech to Congress

Investing is not nearly as difficult as it looks. Successful investing involves doing a few things right and avoiding serious mistakes. – John Bogle With the help of a 300 plus point gain on Wednesday, the Dow Jones Industrial Average posted its fourth consecutive weekly gain and ended the week slightly above 21,000. It wasn’t […]

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Stocks post gains as Dow, S&P 500 close at record highs

Further, security prices are greatly affected by investor behavior; thus we can be aided in investing safely by understanding where we stand in terms of the market cycle. What’s going on in terms of investor psychology, and how does it tell us how to act in the short run? We want to buy when prices […]

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Stocks close at all-time highs on strong economic data

All intelligent investing is value investing – acquiring more that you are paying for. You must value the business in order to value the stock. – Charlie Munger As investors continue to be optimistic and hopeful about President Donald Trump’s proposed economic agenda of deregulation, corporate tax cuts and fiscal stimulus, there was hard evidence […]

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