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@theMarket: Look Out for a Bounce in the Stock Market
By Bill Schmick,
03:37PM / Friday, May 13, 2022
The bears are prowling the corroders of Wall Street. No one questions that, but rallies in downtrends can be breath-taking. Look for one of those short covering relief rallies in the coming week.   Do I know that will happen? Of course not, but when we get as oversold as we are now, the chances are high. If we do bounce in a relief rally it would trace out the first up to the center of my "W" pattern. The bounce won't last long, maybe for a few days or, at best, next week. And then down again. For those readers who may be hoping that at some point we will resume the bull markets of the last decade, give up that notion.   I fully expect another low

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The Retired Investor: Roe v. Wade Versus Corporate America
By Bill Schmick,
04:21PM / Thursday, May 12, 2022
The impending Supreme Court decision to strike down Roe v. Wade will have enormous ramifications for American corporations. Legal issues, user data privacy practices, and workforce challenges will prove impossible to ignore.   Businesses of all kinds face the following facts: most Americans (53 percent), according to a recent Washington Post-ABC News poll, believe the Supreme Court is wrong and that the court should uphold the landmark ruling that established a constitutional right to abortion. Only 28 percent believe it should be overturned.   Nonetheless, if the Supreme Court hands down its expected decision to overturn Roe v. Wade, 13 states have trigger laws

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@theMarket: Investors Grapple with Tightening Monetary Policy
By Bill Schmick,
06:06PM / Friday, May 06, 2022
Market participants heard from members of the Federal Reserve Bank this week. Their intention is clear: bringing down inflation will take precedence over everything else in the economy. The message went over like a lead balloon.   You would think that most investors would have received that message by now.  I know that I have been warning readers of this outcome since last year. But for most market participants this seems to be a shock given the positioning in the stock market this week. It was nothing short of tumultuous.   We started the week by retesting the lows we put in for the year. The S&P 500 Index hit 4,062 on Monday, May 2, just 10 points

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The Retired Investor: Cryptocurrencies & Your Retirement Accounts
By Bill Schmick,
04:04PM / Thursday, May 05, 2022
Investing in cryptocurrency has been legal in some retirement accounts since 2014. Few if any entities, however, have offered savers this option. That may be changing.   The IRS issued Virtual Currency Guidance back in 2014. Since then, cryptocurrencies have been considered acceptable assets for self-directed IRAs (SDIRA) and Solo 401(k)s. A self-directed IRA, which represents less than 3 percent of all IRAs, is a type of Individual Retirement Account that can hold a variety of alternative investments normally prohibited from regular IRAs. It can invest in things like precious metals, real estate, private placements, and cryptocurrencies. It is directly managed by the

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The Retired Investor: Shrinkflation
By Bill Schmick,
04:30PM / Thursday, April 28, 2022
By now, you may have noticed that something doesn't look quite right on your grocery shelves. Could be that bag of chips, or maybe that roll of toilet paper seems to have shrunk? Let me assure you it is not your eyes; we have all come down with a bad case of shrinkflation.   Shrinkflation is an actual term, according to Wikipedia, which means "a rise in the general price level of goods per unit of weight or volume, brought about by a reduction in the weight or size of the item sold." I must admit that, until recently, the shrinkage that has now become commonplace in most grocery stores and supermarkets, thanks to a generational high in the inflation rate, went

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