photo by Joep R.
Quotes for the day:
"Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria."
- Sir John Templeton, founder of Templeton Mutual Funds
"Bear markets are born on optimism, grow on fear, mature on panic, and die on capitulation."
- Liz Ann Sonders, Senior Vice President, Charles Schwab & Co., Inc.
In the news:
The Fed is meeting today and tomorrow and is expected to cut rates by around .50% tomorrow.
The Consumer Confidence Index, fell to 87.9 down from 90.6 in December.
U.S. Durable-Goods Orders in December increase 5.2% indicating business investment is holding up even as other parts of the economy weaken. Sphere: Related Content
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