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@theMarket: The Deals Begin
By Bill Schmick,
04:58PM / Friday, January 27, 2017

This week's ongoing controversy between Mexico and our new president over trade and the construction of "the wall” has investors concerned, confused and apprehensive. And still the markets gained ground.

I believe we are witnessing the opening gambits of President Trump's "Art of the Deal” as it applies to global economics and politics. It will take some getting used to on the part of investors and all Americans. So far the markets, at least, are going along with it.

We finally hit that elusive 20,000 mark on the Dow Jones Industrial Average. That's no big deal and has little importance to technical analysts. New record highs, on the other

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The Independent Investor: A Circus by Any Other Name Is Still a Circus
By Bill Schmick,
06:03PM / Thursday, January 26, 2017

By now you may have heard that Ringling Bros. and Barnum & Bailey Circus are set to close in May of this year. That's the third circus in as many years to close their doors. You might say the announcement marks the end of an era stretching back for almost 150 years. I disagree.

The circus will never die. It's been around since the Romans were sticking each other with swords. It is a venue that is constantly changing that I believe will simply continue to evolve. Society has moved on from the need to see blood and guts on the sandy floor of the arena. For the last century and a half, we have been entertained instead by death-defying feats, acrobatics, wild animals and

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@theMarket: Quarterly Earnings Will Dictate Market's Direction Next Week
By Bill Schmick,
04:12PM / Friday, January 13, 2017

Fourth-quarter earnings results for the nation's corporations kicked-off this week. Investors will focus on those numbers as they wait for the really big show at the end of next week.

Our president-to-be will be inaugurated next Friday with all the usual fanfare. Investors and the markets usually ignore these displays of pomp and ceremony, but not this time. Whether it is the mercurial nature of our new president, or the fact that a lot is riding on how successful he will be out of the gate, the stock market is hanging on every word (or tweet) he makes.

Consider his press conference this week. To many, he did not say enough about his corporate tax cutting or spending plans.

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The Independent Investor: When Your Broker Doesn't Want You Anymore
By Bill Schmick,
05:18PM / Thursday, January 12, 2017

Across the nation, various financial institutions, affected by the new "fiduciary" rules issued by the Department of Labor, are making some tough decisions. Don't be surprised if your broker informs you they can no longer manage your company's 401 (k) or other defined contribution plan.

This happened to one of our clients just this week. The couples, both self-employed, had used one of the nation's largest brokers to house and manage their money purchase plans at their companies. A money purchase plan, for those who don't know, is like a pension plan where employees make contributions based on a percentage of annual earnings. This is standard stuff along

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@theMarket: Markets in Good Shape for Now
By Bill Schmick,
06:22PM / Friday, January 06, 2017

As the equity markets continue to consolidate around record highs, investors wait for the presidential hand-off on Jan. 20. This could turn out to be the best thing that could happen for the bulls.

Remember readers, there are two kinds of corrections; the kind we have been experiencing for the last three weeks, and the nasty kind that no one really wants to go through. The longer we back and fill, the greater the chances that the next move will be higher.

The caveat, of course, is that investors' expectations will be satisfied, once Donald Trump and Congress get down to work. That could be a big if. So far the only thing the press, the politicians and Donald Trump appear to

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