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Category Archives: Federal Reserve

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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Stocks surge on more positive vaccine news

Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can’t buy what is popular and do well. – Warren Buffett It was a banner week for the stock market as the Dow Jones Industrial Average closed above 30,000 for the first time […]

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S&P 500 falls as surge in Covid-19 cases outweighs positive vaccine news

The stock market goes up or down, and you can’t adjust your portfolio based on the whims of the market, so you have to have a strategy in a position and stay true to that strategy and not pay attention to noise that could surround any particular investment. – John Paulson Both the S&P 500 […]

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Dow Jones Industrial Average soars on positive Covid-19 vaccine news

If you can follow only one bit of data, follow the earnings (assuming the company in question has earnings). I subscribe to the crusty notion that sooner or later earnings make or break an investment in equities. What the stock price does today, tomorrow or next week is only a distraction. – Peter Lynch Investors […]

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Despite election uncertainty, S&P 500 Index surges over 7%

Investing isn’t about beating others at their game. It’s about controlling yourself at your own game. – Benjamin Graham Following the worst week for the major stock market averages since the onset of the coronavirus pandemic in March, conventional wisdom believed that with the presidential election last week, volatility would return with a vengeance. Although […]

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Stocks plunge as rising Covid-19 cases create uncertainty

It’s very difficult for any particular segment of the stock market to sustain superior performance. The watch word for our financial markets is, “reversion to the mean” i.e. what goes up must come down, and it’s true more often than you can imagine. – John Bogle Last week’s stock market action could probably be best […]

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Stocks fall despite strong earnings as Covid-19 cases rise

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 adviser and veteran value investor Both the S&P 500 Index and the Dow Jones […]

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S&P 500 closes slightly higher despite surge in Covid-19 cases

When things are going well and prices are high, investors rush to buy, forgetting all prudence. Then, when there’s chaos all around and assets are on the bargain counter, they lose all willingness to bear risk and rush to sell. And it will ever be so. – Howard Marks The stock market was able to […]

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Stocks surge on stimulus bill hopes, treatments for virus

The investor who permits himself to be stampeded or unduly worried by unjustified market declines in his holdings is perversely transforming his basic advantage into a basic disadvantage. – Benjamin Graham The Dow Jones Industrial Average rose for the second consecutive week as investors remained hopeful that another economic relief bill would be passed and […]

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S&P 500 snaps four-week losing streak on positive economic data

Rely on the ordinary virtues that intelligent, balanced human beings have relied on for centuries: common sense, thrift, realistic expectations, patience and perseverance. – John Bogle The S&P 500 Index snapped its four-week losing streak last week and the Dow Jones Industrial Average and the Nasdaq Composite Index also advanced despite a continued stalemate in […]

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