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Category Archives: The Market

Eighth consecutive record high for stocks

Price is what you pay; value is what you get. Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down. – Warren Buffett   For the eighth straight week, the stock market closed at record highs and the technology-laden Nasdaq composite index closed above the 4,000 level for […]

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Fed taper on hold, stocks continue to climb higher

The time of maximum pessimism is the best time to buy and the time of maximum optimism is the best time to sell. – Sir John Templeton                                                                                                                  Records are made to be broken and for the seventh consecutive week, both the Dow Jones Industrial Average and the S&P 500 Index closed at record high […]

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Yellen soothes markets, stocks at record highs

The four most dangerous words in investing are: ‘this time it’s different.’” – Sir John Templeton Both the Dow Jones Industrial Average and the S&P 500 Index closed at record high levels last week, marking the sixth consecutive week of gains posted by these two indices. Investors can thank Janet Yellen, the Federal Reserve Vice […]

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Better than expected economic data lifts stocks

How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case. – Robert G. Allen Just when almost everyone was convinced that there would be no Fed tapering until the spring of 2014, better than expected third quarter GDP growth and a strong jobs report have caused […]

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Earnings propel the stock market higher

Even if you identify the managers who have good past performance, there’s no guarantee that they’ll have good future performance. – George Sauter, Vanguard Group Stocks continued their winning ways last week as both the Dow Jones Industrial Average and the S&P 500 Index posted modest gains. Although there was a full plate of economic […]

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Government shutdown in rear view mirror

I don’t make jokes. I just watch the government and report the facts. – Will Rogers   All’s well that ends well and in the latest political brinkmanship between the Republicans and the Democrats, it was the Republicans who blinked first as the government reopened last week and the U.S. avoided default by raising the […]

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Stalemate in Washington

Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas. – Paul Samuelson   Although there was still no agreement by week’s end on either the budget or the debt ceiling, markets behaved like a deal had been reached as the S&P […]

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Government gridlock sends stocks lower

You get recessions, you have stock market declines. If you don’t understand that’s going to happen, then you’re not ready, you won’t do well in the markets. – Peter Lynch   Normally, investors would be focused squarely on the third quarter earnings season, which begins this week with Alcoa’s report on Tuesday, to ascertain clues […]

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Budget agreement and debt ceiling derail stock market

It’s just your money. It’s not your life. The figures on a broker’s report mean little compared to that. The people who loved you a week ago still love you today. – Louis Rukeyser – referring to Black Monday Oct. 19, 1987 So far all of the major events that could have negatively impacted the […]

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Fed postpones taper, stocks applaud news

  Roaming the world as a foreign correspondent for more than a decade, I was able to observe how a variety of vastly different nations organized themselves economically. The inescapable conclusion was that no politician anywhere on the planet has ever actually created a rupee’s worth of prosperity. – Louis Rukeyser, Nov. 1996                                                                                                                       In […]

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