Image Credit: Alex Nabaum By Jason Zweig | June 26, 2020 10:59 am ET One of the biggest surprises in the first half of 2020 was what didn’t happen: Most individual investors, despite their reputation as nervous Nellies who sell into every panic, didn’t dump their stocks even when the market meltdown was at its worst. The...
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Image Credit: Alex Nabaum By Jason Zweig | Updated June 19, 2020 3:41 pm ET Investment performance can be fleeting, but fees are forever. That’s the lesson from a recent reversal at a prominent fund. Chaotic markets can cancel years’ worth of gains in days, but expenses don’t dwindle when profits disappear. And, new...
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Image Credit: PIRO4D, Pixabay By Jason Zweig | June 12, 2020 11:00 am ET Las Vegas has reopened, and not just in Nevada. Wall Street also resembles a casino — even more than it normally does. Many stocks, especially of smaller companies in financial distress, have been bouncing around like dice on a craps table. These moves seem partly...
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Image Credit: Alex Nabaum By Jason Zweig | June 5, 2020 10:00 am ET The gap between Wall Street and Main Street has never seemed wider, but much of it is an illusion. Since it bottomed on March 23, the S&P 500 has shot up almost 40% — the highest return over so short a period since 1933, according to S&P Dow Jones...
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Image Credit: Bankitaly Life, November 1923 (archive.org) A personal note: The Wall Street Journal just launched my new column, “Back in Business,” which will run every few weeks. It will seek to illuminate the present with lessons from the past, focusing on the people and events that have shaped business history. “Back in...
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