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Category Archives: Oil Prices

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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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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S&P 500 winning streak snapped over tax reform uncertainty

In this business if you’re good, you’re right six times out of ten. You’re never going to be right nine times out of ten. – Peter Lynch After eight consecutive weeks of gains, investors decided to take some profits last week as both the S&P 500 Index and the Dow Jones Industrial Average closed modestly […]

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S&P 500 closes at all-time high of 2,500 on renewed optimism for tax reform

If you don’t study any companies, you have the same success buying stocks as you do in a poker game if you bet without looking at the cards. – Peter Lynch All three of the major stock averages rebounded strongly last week and closed at least 1.4% higher as several catalysts seemed to fuel the […]

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Stocks overcome rising tensions with North Korea, rally to end week higher

In recent years, annual trading in stocks – necessarily creating, by reason of the transaction costs involved, negative value for traders – averaged some $33 trillion. But capital formation – that is, directing fresh investment capital to its highest and best uses, such as new businesses, new technology, medical breakthroughs and modern plant and equipment […]

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Dow closes above 22,000 on continued strong earnings

Investing in a startup does not make you an entrepreneur any more than buying a grand piano makes you a concert pianist. – Jeffrey Fry, author and successful entrepreneur The Dow Jones Industrial Average shattered the 22,000 barrier last week and closed at a record high, gaining more than 1% and marking its 8th straight […]

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Dow closes at record high on strong earnings

In my whole life, I have known no wise people (over a broad subject matter area) who didn’t read all the time – none, zero… You’d be amazed at how much Warren (Buffett) reads – at how much I read. My children laugh at me. They think I’m a book with a couple of legs […]

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Nasdaq gains nearly 2% as technology & health care stocks surge

Acknowledge the complexity of the world and resist the impression that you easily understand it. People are too quick to accept conventional wisdom, because it sounds basically true and tends to be reinforced by both their peers and opinion leaders, many of whom have never looked at whether the facts support the received wisdom. It’s […]

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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, 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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