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The Independent Investor: Why Stocks Continue to Climb
By Bill Schmick,
05:30PM / Thursday, November 23, 2017
As we approach the end of the year, most investors are both dumb-founded and pleased at the stock market's performance. President Trump and his followers would like us to believe it is all because of them. Hog wash.   There has been no substantive legislation since the new administration took office. Promises can only take us so far. Some say any further upside will be short-lived, because living on hope alone has already taken us too far. And yet, somehow the economy is still growing, even gathering momentum.   Recall, too, that Donald Trump and the Republican Party gained power on the promise of undoing many of the trade agreements the U.S. has forged over

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The Independent Investor: Cracks in the House of Saud
By Bill Schmick,
05:11PM / Thursday, November 09, 2017
Over the weekend, the government of Saudi Arabia announced multiple arrests of royal family members as well as other governmental officials. The official explanation was a new campaign to root out corruption, but many believe the raid was a power grab by the reigning Crown Prince Mohammed bin Salman.   Corruption in Saudi Arabia is as common as sand. It is what makes the wheels run so global observers discounted that excuse. The assumptions ranged from a thwarted coup against the reigning family to a consolidation of power orchestrated by the heir apparent.   As a result, gold jumped over $10 an ounce, oil spiked 3 percent and investors held their breath

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@theMarket: Investors Underwhelmed by Tax Reform
By Bill Schmick,
10:07AM / Saturday, November 04, 2017
With great fanfare, House Republicans rolled out a tax reform proposal that they promised would get this country going again and invigorate business, while creating jobs and huge savings for the middle class. What are they smoking?   Clearly, the entire reform package was simply a smoke screen to reduce taxes for American corporations with the majority of benefits directed at the country's largest companies. For the individual, depending on what you make and where you live, taxes will remain the same or go up.    Several legislators used a postcard as a prop claiming your individual tax return will be so simple it will fit on a postcard. The reason is

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The Independent Investor: Are You Ready for a Down Market?
By Bill Schmick,
05:02PM / Friday, November 03, 2017
It has been some time since we have had even a tiny decline in the stock market. Human behavior is such that we expect what has come before to continue into the future. When it doesn't, a whole host of emotions arise and most of them will be detrimental to your financial health.   A new survey by E-trade Financial, a discount broker dealer, reveals that well-heeled investors (those with $1 million or more in equity investments) are as bullish as they have been all year. Almost 75 percent of million dollar players are now bullish as we enter this final quarter of the year. Most of these investors are 55 or older and are significantly more optimistic than younger

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