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Category Archives: Economy

S&P 500 posts gain on earnings, FOMC meeting

Do not save what is left after spending, but spend what is left after saving. – Warren Buffett The stock market closed modestly higher last week and the S&P 500 Index finished the month of October with a gain of 8% for the best monthly gain in four years, making the correction in August and […]

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Global central bank policies propel stocks higher

In the short run, the market is a voting machine, but in the long run it is a weighing machine. – Benjamin Graham The S&P 500 Index extended its winning streak to four straight weeks as third quarter corporate earnings reports continued to surprise to the upside and global central banks remained accommodative with easy […]

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Stocks edge higher on earnings, Fed policy

I don’t look to jump over seven-foot bars: I look around for one-foot bars that I can step over. – Warren Buffet For the third consecutive week, the S&P 500 Index closed higher on mostly positive third quarter earnings reports and the belief among investors that the Federal Reserve won’t hike interest rates until next […]

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Stocks surge on earnings optimism, dovish Fed minutes

If you are shopping for common stocks, choose them the way you would buy groceries, not the way you would buy perfume. – Benjamin Graham Bullish sentiment returned to Wall Street last week as the S&P 500 Index jumped 3.3% on optimism that quarterly earnings will beat lowered expectations and that the Federal Reserve will […]

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Stocks rise despite disappointing jobs data

The most important thing to do if you find yourself in a hole is to stop digging. – Warren Buffett Despite a much weaker than expected employment report for September and mostly lackluster economic data last week, the S&P 500 Index managed to gain 1% as stocks staged a remarkable turnaround on Friday to close […]

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Fed policy uncertainty causes stocks to decline

While some might mistakenly consider value investing a mechanical tool for identifying bargains, it is actually a comprehensive investment philosophy that emphasizes the need to perform in-depth fundamental analysis, pursue long-term investment results, limit risk and resist crowd psychology. – Seth Klarman The major stock averages all declined last week as the Federal Reserve’s Sept […]

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Stocks close lower on Fed rate hike decision

You only have to do a few things right in your life so long as you don’t do too many things wrong. – Warren Buffett The old stock market adage buy the rumor and sell the news was evident last week as stocks rallied ahead of the Federal Open Market Committee (FOMC) meeting only to […]

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Stocks rebound ahead of FOMC meeting this week

The stock market is the story of cycles and of the human behavior that is responsible for overreactions in both directions. – Seth Klarman, American billionaire who founded one of the world’s largest hedge funds In a relatively calm week that was devoid of any key economic data and notable corporate earnings reports, the S&P […]

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Stocks fall on renewed Fed rate hike fears

What counts for most people in investing is not how much they know, but rather how realistically they define what they don’t know. – Warren Buffett Negative sentiment returned to the stock market last week as both the S&P 500 Index and the Dow Jones Industrial Average fell more than 3% after a mixed jobs […]

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Stocks plunge, rebound to end week slightly higher

As in roulette, same is true of the stock trader, who will find that the expense of trading weights the dice heavily against him. – Benjamin Graham The S&P 500 Index went on a roller coaster ride last week, plunging more than 12% from its 2015 highs on Tuesday only to finish the week in […]

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