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Category Archives: European Central Bank

Strong bank earnings propel Dow, S&P 500 to record highs

Outperforming the majority of investors requires doing what they are not doing. Buying when others have despaired and selling when they are full of hope, takes fortitude. – John Templeton For the fourth consecutive week, both the Dow Jones Industrial Average and the S&P 500 Index posted gains and closed on Friday at record highs […]

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Stocks mixed on strong jobs report, higher interest rates

Regardless of what happens in the markets, stick to your investment program. Changing your strategy at the wrong time can be the single most devastating mistake you can make as an investor. – John Bogle It was a tale of two markets last week as the technology-heavy Nasdaq Composite Index dropped about 2% on rising […]

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Stocks close lower on weak economic data, rising Covid-19 cases

The wisest rule in investments is: when others are selling, buy. When others are buying, sell. – Jonathan Sacks Profit-taking hit the stock market last week as both the S&P 500 Index and the Nasdaq Composite Index fell 1.5% even though President-elect Joe Biden announced a $1.9 trillion stimulus package and the Federal Reserve reiterated […]

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S&P 500 closes at record high despite rising Covid-19 cases, weak jobs report

If people are risk-tolerant and afraid of being out of the market, they buy aggressively, in which case you can’t find any bargains. That’s what the Fed engineered by putting rates at zero. – Howard Marks The stock market continued to defy gravity last week as all three major averages posted gains and closed at […]

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Technology stocks lead market lower as S&P 500 falls over 2%

What to do when the market goes down? Read the opinions of the investment gurus who are quoted in the Wall Street Journal. And, as you read, laugh. We all know that the pundits can’t predict short-term market movements. Yet there they are, desperately trying to sound intelligent when they really haven’t got a clue. […]

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Stocks climb higher as S&P 500 within 1% of its all-time high

In the financial markets, hindsight is forever 20/20, but foresight is legally blind. And thus, for most investors, market timing is a practical and emotional impossibility. – Benjamin Graham The major stock averages continued to climb higher last week although the gains were much more modest than in the prior week. There really weren’t any […]

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Coronavirus fears lead to wild market swings, S&P 500 posts modest gains

What to do when the market goes down? Read the opinions of the investment gurus who are quoted in the Wall Street Journal. And, as you read, laugh. We all know that the pundits can’t predict short-term market movements. Yet there they are, desperately trying to sound intelligent when they really haven’t got a clue. […]

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S&P 500 posts first weekly loss in 2020 on coronavirus fears

I don’t know where the stock market is going, but I will say this: that if it continues higher, this will do more to stimulate the economy than anything we’ve been talking about today or anything anybody else was talking about. – Alan Greenspan The Dow Jones Industrial Average was a victim of profit-taking last […]

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Strong earnings, trade optimism lift S&P 500 close to its all-time high

What seems too high and risky to the majority generally goes higher and what seems low and cheap generally goes lower. – William O’Neil, American entrepreneur, stock broker and writer The S&P 500 Index closed higher for the third consecutive week and came within three points of its record high close set back on July […]

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S&P 500 closes modestly higher on strong bank quarterly earnings

Based on my own personal experience – both as an investor in recent years and an expert witness in years past – rarely do more than three or four variables really count. Everything else is noise. – Martin Whitman, American investment advisor and founder of Third Avenue Management The major stock averages closed mixed last […]

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