MEMBER SIGN IN
Not a member? Become one today!
         iBerkshires     Berkshire Chamber     MCLA     City Statistics    
Search
Home About Archives RSS Feed
The Independent Investor: The Era of U.S. Oil Independence
By Bill Schmick,
05:02PM / Thursday, September 19, 2019
Last weekend's surprise drone attack on Saudi Arabia's major oil fields was a disaster, but it could have been worse. Fifty years ago, an attack like that would have sent the world's financial markets into a tailspin and rocked global economies. None of that happened — thanks to the U. S. energy production.   Granted, there was an initial decline in the markets until the damage was assessed and experts concluded that the 5.7 million barrels per day (bpd) of crude production could be put back online within three weeks. The short-fall represented about half of the Saudi's daily production. Yet, the markets rebounded quickly, and for the most part, it is

0 Comments
Read More >>

@theMarket: Investors Discover Value Stocks
By Bill Schmick,
05:10PM / Friday, September 13, 2019
Value stocks, those equities that have fallen out of favor, have made a comeback this week. These underpriced orphans have become the new darlings of Wall Street, while high-flyers (think software and some tech) have sold off. What does this say about the markets?   The short answer is that we have more room to run. It means, in my opinion, that we will reach and break historical highs in the U.S. averages and that we should have fairly smooth sailing into October. If, at that point, there are breakthroughs in the trade issue and the Federal Reserve Bank cuts interest rates, we could see the markets continue climbing. If, on the other hand, Trump trashes Chinese exports

0 Comments
Read More >>

The Independent Investor: Europe Throws in the Towel
By Bill Schmick,
07:39PM / Thursday, September 12, 2019

The European Central Bank (ECB) announced a major new stimulus package on Thursday. A key interest rate was reduced, and a new bond-buying program was announced, amounting to $22 billion per month. In the past, those efforts would have been enough to boost the European economy, but will it be enough this time around?

It is not as if we haven't seen this before. Through the years, ever since the Financial Crisis of 2009, the ECB, as well as other central banks around the world, have stimulated their economies to avoid recession, or something worse. The problem is that monetary policy can only do so much before central banks find themselves "pushing on a

0 Comments
Read More >>

@theMarket: Markets Break Out of 3-Month Trading Range
By Bill Schmick,
04:09PM / Friday, September 06, 2019
Investors received a bucketful of good news this week. Brexit got a reprieve, Hong Kong authorities caved in to protestors demands, and another round of trade talks is set for October between the U.S. and China. Welcome to September.   As of Friday, the S&P 500 Index was less than 2 percent from all-time highs. The other indexes are close as well. And while September is historically not a good month for the markets, this time around, September is starting off with a big bang. Can it continue?   Yes, in my opinion. We could see all three averages break out into new, all-time highs before all is said and done. While traders and computers trade on the

0 Comments
Read More >>

The Independent Investor: Business Roundtable's Change of Heart
By Bill Schmick,
05:15PM / Thursday, September 05, 2019
Now that the media is on to more interesting topics, the August announcement by the Business Roundtable deserves further examination. Afterall, it is not every day that a group of the nation's most powerful chief executives redefines the goals of American corporations.   The maximization of shareholders' profits, above all else, has been the motto of the Business Roundtable (BRT) since the 1980s. Critics claim that this attitude has led to all kinds of negative consequences for society overall. The environment, the individual worker, suppliers (think underage Bangladesh garment workers), consumers and local communities have been needlessly harmed by this myopic view

0 Comments
Read More >>

NorthAdams.com is owned and operated by: Boxcar Media 106 Main Sreet, P.O. Box 1787 North Adams, MA 01247 -- T. 413-663-3384 F.413-663-3615
© 2008 Boxcar Media LLC - All rights reserved