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Category Archives: Dow Jones Industrial Average

Stocks close modestly higher as bank earnings strong

In Wall Street, the only thing that’s hard to explain is next week. – Louis Rukeyser The major stock averages consolidated recent gains last week and closed only modestly higher, with the Nasdaq Composite Index recording yet another all-time high and the S&P 500 and the Dow setting intra-day highs. Led by the financials. third […]

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Stocks post strong gains as optimism over tax reform grows

As long as you enjoy investing, you’ll be willing to do the homework and stay in the game. That’s why I try to make the show entertaining, because if you aren’t interested, you’ll either miss the opportunity to make money in the market or not pay enough attention and end up losing your shirt. – […]

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S&P 500 closes at all-time high over optimism on tax reform

Time is your friend; impulse is your enemy. – John Bogle Someone forgot to tell investors that the month of September has historically been one of the poorest months for the stock market. All of the talk that the market was long overdue for a correction fell on deaf ears as the Dow Jones Industrial […]

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S&P 500 closes flat as Fed leaves interest rates unchanged

You can become, to an enormous degree, the person you want to be. – Warren Buffett Although there was a plethora of newsworthy items and economic data last week, the major stock averages barely budged and ended the week at almost the same levels where they began. The S&P 500 Index rose only two points […]

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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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Hurricanes Harvey and Irma take wind out of stocks, close modestly lower

The game of life is the game of everlasting learning. At least it is if you want to win. – Charlie Munger The month of September has historically been one of the worst performing months of the year and if last week’s market action is any indication, that trend could continue. All three of 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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S&P 500 rebounds as investors become optimistic about tax reform

We never hold on for the last nickel. I think you make a big mistake when you do that. We never assume something will go past its fair value. We’ll let someone else make the last dollar or two. We’ll always sell too soon. – Seth Klarman, hedge fund manager Both the Dow Jones Industrial […]

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Stocks close lower as geopolitical concerns take center stage

I haven’t the faintest idea as to whether stocks will be higher or lower a month – or a year – from now. What is likely, however, is that the market will move higher, perhaps substantially so, well before either sentiment or the economy turns up. So if you wait for the robins, spring will […]

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North Korea fears sink stocks, S&P 500 falls 1.4%

We have, as human beings, a storytelling problem. We’re a bit too quick to come up with explanations for things we don’t really have an explanation for. – Malcolm Gladwell, journalist, author and speaker The Dow Jones Industrial Average didn’t spend much time above the 22,000 milestone. After eclipsing this barrier the previous week, the […]

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