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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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Technology-laden Nasdaq plunges on valuation concerns

It amazes me how people are often more willing to act based on little or no data than to use data that is a challenge to assemble. – Robert Shiller It was a tale of two markets this past week with the tech-heavy Nasdaq Composite Index plunging 1.6% and the S&P 500 Index posting only […]

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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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