MONTHLY QUOTE
“Nothing in this world can take the place of persistence.”
– Calvin Coolidge
THE MONTH IN BRIEF
For the stock market investor, last month was pretty lackluster – the DJIA suffered its first negative August since 2005, sliding 4.31% and struggling to keep above the 10,000 level.1 Volume was remarkably light and skepticism permeated Wall Street. It [...]
MONTHLY QUOTE
“Praise is comforting, but not valuable.”
– Peter Stone
THE MONTH IN BRIEF
July is historically a good month for stocks, and July 2010 was no exception. Bulls took back Wall Street, encouraged by earnings reports (as of July 31, about two-thirds of companies in the S&P 500 had published earnings with about 75% beating expectations). The [...]
QUOTE OF THE MONTH:
“Champions keep playing until they get it right.” – Billie Jean King
The month in brief
June was not a good month for U.S. economic indicators, and therefore not a good month on Wall Street. Concerns surfaced that the recovery was running [...]
Quote of the month. “The formula for success is simple: practice and concentration, then more practice and more concentration.” – Babe Didrikson Zaharias
The month in brief. Stocks corrected, investors sighed, and Wall Street couldn’t wait for May to end. In performance terms, it was the Dow’s poorest May since 1940 and the S&P 500’s weakest [...]
Quote of the month. “A mind all logic is like a knife all blade.” - Rabindranath Tagore
The month in brief. As the weather warmed up, the market was still pretty hot: the S&P 500 pulled off a 1.48% gain for April.1 On the whole, stocks overcame some major challenges: credit ratings were slashed for three [...]
Quote of the month. “We would worry less about what others think of us if we realized how seldom they do.” – Ethel Barrett
The month in brief. Wall Street had an eye on Washington for much of last month. Anticipation of earnings season gave way to concern over what might happen if proposed limits on [...]
Quote of the month. “It is a rough road that leads to the heights of greatness.” – Seneca
The month in brief. Many things went north last month: stocks, retail sales figures, mortgage interest rates, the U.S. Dollar Index, and the prices of many commodities. Some things went south – most notably the jobless [...]
Quote of the month. “You only have to do a very few things right in your life so long as you don’t do too many things wrong.” – Warren Buffett
The month in brief. The Dow climbed 6.51% in November, and the S&P 500 and NASDAQ were nearly as hot.1 Gold prices reached new [...]
Quote of the month. “A man is a worker. If he is not that, he is nothing.” – Joseph Conrad
The month in brief. Questions about the strength and speed of the recovery hampered stocks by Halloween, although positive economic news continued to surface. The service sector and the manufacturing sector were both growing; consumer spending, [...]
Quote of the month. “True happiness is the full use of your powers along lines of excellence in a life affording scope.” – John F. Kennedy
The month in brief. Wall Street had a great September, concluding its best quarter in 11 years: last month, the Dow gained 2.3%, the S&P 500 3.6%, and the [...]
