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Category Archives: European Central Bank

Lower oil prices, retail sales data lift S&P 500 to new high

My favorite time frame is forever. – Warren Buffett In what could be described as a slow news week without any potential market-moving data, the major stock averages posted modest gains on their way to new all-time highs. With the third quarter earnings season winding down and a shortage of economic data, the S&P 500 […]

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S&P 500 Index at new all-time high on earnings, economic data

If you took our top fifteen decisions out, we’d have a pretty average record. It wasn’t hyperactivity, but a hell of a lot of patience. You stuck to your principles and when opportunities came along, you pounced on them with vigor. – Charlie Munger, American businessman and Vice Chairman of Berkshire Hathaway The stock market […]

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S&P 500 Index rebounds on strong earnings reports

Risk comes from not knowing what you are doing. – Warren Buffett The major stock averages rebounded strongly last week on better-than-expected third quarter earnings reports as well as positive economic data both in the U.S. and overseas. Upbeat corporate earnings were just the elixir that the stock market needed to lift it out of […]

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Stocks slide on global growth fears

Go for a business any idiot can run because sooner or later, any idiot probably is going to run it. – Peter Lynch In a roller coaster week that saw stocks record their best day of the year as well as their worst day of the year, the S&P 500 Index plummeted 3% on heightened […]

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Stocks slide on global growth fears

October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February. – Mark Twain In a week characterized by an absence of potential market-moving economic data, the S&P 500 Index dropped over 1% on concern over global growth, […]

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S&P 500 at all-time high on ECB rate cut

Money is better than poverty, if only for financial reasons. – Woody Allen The major stock averages closed modestly higher last week on news that the European Central Bank (ECB) decided to cut its key interest rates from an already low 0.15% to .05% in an attempt to stimulate weakening economies in the euro zone. […]

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