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@theMarket: Markets Climb Higher
By Bill Schmick,
06:37PM / Friday, May 26, 2017
In the absence of any earth-shaking news, stocks tend to follow the recent trend. That trend, since the election has been up, so ... The question to ask: when we can logically expect that trend to change?   As readers may recall, my target for the S&P 500 Index is somewhere between 2,443 and 2,475, which I expect we will hit before the end of the second quarter. This week, we broke 2,400, regaining everything that was lost in last Wednesday's 2 percent downdraft. Now, that 2,400 price level should act as a support for the bulls.   "Are you still bullish?" asked one of my clients yesterday.   "That depends upon your time

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The Independent Investor: Ready For a 20 Percent Correction?
By Bill Schmick,
03:11PM / Thursday, May 25, 2017

As the stock market makes new highs, investors tend to get greedy. They also begin to believe that what has happened in the recent past will continue to happen in the future. Actually, history shows the exact opposite. It is time to give the potential downside some thought.

Hope burns brightly in the equity markets right now. Many on Wall Street believe that the Republican-dominated Congress, led by Donald Trump, "The working man's president," will usher in a golden era of strong economic growth and robust financial markets. The problem is that politics and investments make for strange bedfellows.

At some point, I expect that the two will part ways and when they

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@theMarket: The Trump Dump
By Bill Schmick,
10:09AM / Saturday, May 20, 2017
Investors were shocked this week when the U.S. stock markets fell almost 2 percent in one day.    Wall Street blamed it on the growing scandals engulfing the White House. However, there was little follow through despite predictions that this was the beginning of the long-awaited pullback.   To be honest, much of the controversy coming out of Washington — demand for Trump's impeachment, obstruction of justice, witness-tampering, etc. — is simply partisan politics deliberately fueled by a biased media. All of the above, which had been building for days, finally reached the tipping point for investors. As weak-kneed day traders started to sell,

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The Independent Investor: Health-Care Costs Are Strangling Us
By Bill Schmick,
05:03PM / Friday, May 19, 2017
Recently, none other than the Sage of Omaha, Warren Buffet, has sounded the alarm on what he sees as the number one threat to American businesses — rising health care costs. His advice is that we better do something and do it quickly.   While Congress bickers over how to repeal and replace Obamacare, there is still a large body of American politicians who believe we should simply return to the good old days. While they fiddle with adjusting insurer's premiums, or gutting Medicaid, the entire healthcare system surrounding them continues to burn. While they debate whether you should be responsible for your own medical insurance and how much Medicare should cover,

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The Independent Investor: Cosmetics Survive, Prosper Despite Competition
By Bill Schmick,
05:26PM / Thursday, May 11, 2017

As the clash between brick-and-mortar retail enterprises and the mighty Amazon escalates, the internet shopping colossus is laying waste to one store or mall after another. One of the few areas that has not only staved off the internet shopping giant, but has actually turned the internet and social media to its advantage, is the cosmetics industry.

There is a combination of fortuitous developments, some peculiar to the makeup industry, and others the result of adept marketing that has allowed the beauty trade to grow unencumbered. Social media, as you might imagine, has played a big part in growing an industry that has revenues of $62 billion and climbing.

For decades, women

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