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@theMarket: Markets Retrace December Losses
By Bill Schmick,
09:04AM / Saturday, January 19, 2019
It was a week where lackluster earnings battled with the Fed's willingness to hold off on rate hikes for investors' attention. The Fed won. Investors bought on the dips and helped to push the markets out of correction territory.   From a technical point of view, however, all the U.S. indexes are overbought, extended, and in need of some kind of pullback. Traders know this and have been shorting the market as it climbs, betting that we will see at least a 100-point decline in the S&P 500 Index. It hasn't happened — yet.   Normally, markets will do what is most inconvenient for the greatest number of traders.   In this case, the

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The Independent Investor: Pay Gap for Women Is Growing
By Bill Schmick,
07:22PM / Thursday, January 17, 2019
If Citigroup, one of the world's largest banks, is any indication, women earn 29 percent less than their male counterparts. It also revealed that only 37 percent of its managerial jobs were held by females.   Wall Street has long been known as "the last bastion" for white males. But to Citigroup's credit, it just made public its internal assessment of the existing pay gap between the genders. One reason it did so was the new disclosure standards that are now required in the United Kingdom since last April.   Last year, when Citigroup first reported these numbers for its U.K. workforce, women were paid 44 percent less, and if bonuses were

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@theMarket: Markets Bounce 10 Percent Since Christmas
By Bill Schmick,
10:34AM / Saturday, January 12, 2019
The stock markets have gained almost one percent per day since the beginning of the year. If you had panicked and sold during the Christmas holidays, you are sitting in cash wondering when to get back in. Here is some advice.   Patience should be at the top of your "to-do" list. If you believe we are in a bear market, then the kind of rebound we are seeing in the equity markets is completely normal. Bear markets are characterized by waterfall declines followed by sharp, explosive upside rallies. Unfortunately, these fantastic trading opportunities are just that — trades.   If you are not living the markets every single moment, day-in, day-out,

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The Independent Investor: Changes to Social Security and Medicare Benefits
By Bill Schmick,
04:03PM / Thursday, January 10, 2019
As the year begins, those who are retired, or who plan to soon, need to know the changes the government has recently announced to your benefits.   The good news is that retirees will get a 2.8 percent increase in Social Security payments. While that doesn't sound like much, it happens to be the largest cost-of-living adjustment in seven years. What that amounts to for the average couple in retirement is about $67 per month, or an average monthly payment of $2,448.   If you are one of those workers like me, who waited until 70 years of age before collecting benefits and are considered a "high earner," then you will be receiving as much as $73 more

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