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Category Archives: Oil Prices

Election fears weigh on stocks, S&P 500 down 1.9%

The most common cause of low prices is pessimism – sometimes pervasive, sometimes specific to a company or industry. We want to do business in such an environment, not because we like pessimism but because we like the prices it produces. – Warren Buffett The S&P 500 Index fell nearly 2% last week and was […]

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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 higher on optimism over Deutsche Bank

In almost every walk of life, people buy more at lower prices; in the stock market they seem to buy more at higher prices. – James Grant The stock market was taken on a roller coaster ride last week and when the ride stopped on Friday, the S&P 500 Index had managed to eke out […]

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Stocks drop over 2% on Fed rate hike fears

The broker said the stock was “poised to move.” Silly me, I thought he meant up. – Randy Thurman, CFP, CPA and noted author and one of the nation’s most trusted investment advisors In a week marked by few quarterly earnings reports and even fewer pieces of economic data, stocks plummeted more than 2% on […]

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Stocks edge higher but July retail sales disappoint

The key to making money in stocks is not to get scared out of them. – Peter Lynch The dog days of summer have set in and the major stock averages reflected the August doldrums last week as trading volume was light and stocks were little changed. Although stocks edged slightly higher for the week, […]

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Major stock averages mixed ahead of FOMC meeting

Buy not on optimism, but on arithmetic. – Benjamin Graham After closing at a 52-week high of 2,119 on Wednesday, the S&P 500 fell about 1% during the last two trading days to end the week virtually flat. It looked like momentum would be enough to propel the benchmark index through the all-time closing high […]

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Stocks edge lower on weak May jobs report

Service to others is the rent you pay for your room here on earth. – Muhammad Ali The major stock averages ended the week close to the flat line as the weak May employment report almost certainly eliminated any chance that the Federal Reserve will raise interest rates at its meeting later this month. Based […]

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Weak GDP growth, tech earnings send stocks lower

Commodities tend to zig, when the equity markets zag. – Jim Rogers Both the S&P 500 Index and the Dow Jones Industrial Average ended the week on a sour note and closed lower by more than 1% as several factors seemed to unnerve investors. The technology-laden Nasdaq Composite Index dropped even more as disappointing earnings […]

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S&P 500 advances despite weak technology earnings

Generally, the greater the stigma or revulsion, the better the bargain. –  Seth Klarman, American billionaire who founded one of the world’s largest hedge funds The S&P 500 Index came with 1% of eclipsing its all-time high set in May 2015 before fading later in the week on disappointing earnings from Alphabet (parent company of […]

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Stocks gain on bank earnings, Chinese economic data

Go for a business that any idiot can run – because sooner or later, any idiot probably is going to run it. – Peter Lynch Financial stocks led the major stock averages higher last week as bank earnings were better than expected and investors breathed a sigh relief after the release of economic data from […]

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