OIL LEADS RALLY – 01/22/16

General Electric fourth-quarter profits were 52 cents per share, down from the 56 cents it reported last year. Sales rose 1% to $33.8 billion. GE reaffirmed its full-year profit forecast of 2% to 4% organic growth for the year. (Fox Business News) Oil and gas exploration services company, Schlumberger says customers are abruptly cancelling projects….

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No One Rings A Bell – 01/21/16

With the recent market turmoil, January is on track to be the worst month for the S&P 500 since February 2009, the last month of financial crisis losses before the market began its rebound. Make a note …. That downturn ended …. So will this one. There is nothing a long-term investor with a well-diversified…

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The Bear Roars Some More – 01/20/16

Stocks are dropping this morning, as oil prices sink another 3% and have traded below $28 per barrel, hitting lows not seen since September 2003.  The S&P 500, and Nasdaq remain in correction territory after closing flat yesterday in a volatile session. The S&P 500 is just above the August 2015 correction low of 1,867….

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China Sees Growth – 01/19/16

U.S. stocks are sharply higher this morning, after Chinese stocks gained 3.2% last night. Data shows the Chinese economy grew at 6.8%in Q4of 2015. For 2015, China’s growth slowed to a 25-year low of 6.9%. The world’s second-largest economy continues to shift away from its manufacturing roots. (CNBC) Bank of America reported a 9.8% rise…

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Sell-off Renews – 01/15/16

Stocks are much lower this morning as oil is tanking, following yesterday’s rally on Wall Street. The S&P 500 and Nasdaq are in a correction territory, down more than 10% from last summer’s high. Asian stocks ended sharply lower overnight, erasing early gains. Chinese stocks lost 3.5%, moving into a bear market, down more than…

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Earnings Season Kicks Off – 01/14/16

Almost $3.2 trillion of paper stock market value has been lost around the world since the start of 2016. U.S. stocks are off $1.77 trillion, while overseas stocks are down $1.4 trillion. But remember these are only paper losses until you actually push the sell button.  If you have a long-term time horizon and own quality…

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