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Category Archives: Economy

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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Stocks close lower on growth concerns, profit-taking

Chains of habits are too light to be felt until they are too heavy to be broken. – Warren Buffett The stock market posted its worst week since February as investors once again fretted about global growth concerns and decided to take some profits after stocks rose 2% the previous week. First quarter earnings season […]

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S&P 500 rebounds on dovish comments by Fed

Twenty years in this business convinces me that any normal person using the customary three percent of the brain can pick stocks just as well, if not better, than the average Wall Street expert. – Peter Lynch Dovish comments by Federal Reserve Chair Janet Yellen last week provided the impetus for stocks to resume their […]

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Stocks close lower on falling oil prices, stronger dollar

The average person is 95 percent eyes and only 5 percent mind when they invest. If you want to become a professional you need to train your eyes to be only 5 percent and train your mind to see the other 95 percent. – Robert Kiyosaki, American businessman, author and educator The stock market’s winning […]

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S&P 500 posts fifth straight weekly gain, positive for year

The individual investor should act consistently as an investor and not as a speculator. – Benjamin Graham The S&P 500 Index closed higher for the fifth consecutive week and was in positive territory for the first time this year, making the correction back in January and February seem like a distant memory. More than anything […]

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S&P 500 gains 1.1% on higher oil prices, ECB policy moves

We don’t have to be smarter than the rest. We have to be more disciplined than the rest. – Warren Buffett After rather dull and directionless trading last week through Thursday, the stock market sprang to life on Friday with solid gains following the European Central Bank (ECB) meeting on monetary policy. ECB President Mario […]

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S&P 500 posts gains on higher oil prices, economic data

It’s always said that the small investor doesn’t have a chance. And if they (people) so believe this theory that the small investor has no chance, they invest in a different format. – Peter Lynch Stocks posted gains for the third consecutive week as economic data continued to be better than expected and the price […]

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Stocks gain on economic data, stable oil prices

With enough insider information and a million dollars, you can go broke in a year. – Warren Buffett Stronger than expected economic data and oil prices that stabilized above $30 a barrel helped propel all of the major stock averages higher for the second consecutive week. Early in the week, the International Energy Agency said […]

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S&P 500 rebounds as oil prices rise

Politicians like to tell people what they want to hear – and what they want to hear is what won’t happen. – Paul Samuelson All of the major stock averages rebounded last week to post healthy gains but whether or not this momentum will continue is questionable. Much of the strength in stock prices was […]

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Fed Chair Yellen fails to calm investors, stocks close lower

You shouldn’t own common stocks if a 50% decrease in their value in a short period of time would cause you acute distress. – Warren Buffett Both the Dow Jones Industrial Average and the S&P 500 Index snapped a 5-day losing streak on Friday but it wasn’t enough for stocks to overcome posting modest losses […]

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