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@theMarket: Melt-Up Continues
By Bill Schmick,
11:53AM / Saturday, January 13, 2018
It's been the best two weeks for the U.S. markets in decades. Investors seemingly can't get enough stocks in their portfolios, no matter how high the indexes climb. Ain't it grand?   Over the past few weeks, I have explained in detail that the stock market is in "melt-up" mode. You may think it's crazy, or that the gains are a result of excessive exuberance. You may even be sitting there with your arms crossed, pointing your finger at me and predicting this is all going to end badly for investors. That's fine, provide as many opinions as you like, but stay invested in the meantime.   Some ask me how you can have the U.S. dollar

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@theMarket: Look! Up in the Sky! It's a Bird ... It's a Plane ... It's the Stock market!
By Bill Schmick,
10:09AM / Saturday, January 06, 2018
The Dow Jones Industrial Average gained a thousand points in a month. In just the first three days of 2018, all three U.S. averages hit consecutive record highs. Overseas indexes did even better.   Japan, for example, was up more than 3 percent on its first trading day of the year. Emerging markets continue to make new highs, while European bourses continue to climb. Those who expected the markets to tank in the New Year have thus far been wrong. How long can this last?   Short sellers, convinced that stocks just have to come down, bet on a market decline and have had their head handed to them on a daily basis. Undeterred, they point to the

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@theMarket: The Market That Keeps on Giving
By Bill Schmick,
11:01AM / Saturday, December 23, 2017
You can't say enough about a stock market that continues to climb, day after day, month after month. Best of all, it looks like it will continue to do so through the end of the year. What happens in 2018? Well, that may be a different story.   There is no evidence, however, that things will have to change in the New Year. Thanks to the big fat tax refund check that Corporate America will receive next year, investors will be expecting several quarters of better earnings. At the very least, that should support stock prices for a few months, if not more.   Let's not get into whether the tax cuts are good or bad for the economy. If you have been reading my

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@theMarket: Here Comes Santa
By Bill Schmick,
11:12AM / Saturday, December 16, 2017
With less than two weeks until Santa Claus shimmies down your chimney, investors are betting that what the Big Man has in his sack is lots and lots of gains to finish out 2017.   Now some might say that the signing of a massive tax cut is all the present investors need. After all, despite the rhetoric, we all know that the Republican tax cut is solely directed toward the wealthy, big business, and the stock market. As such, the indexes should continue to levitate between now and the New Year.   Investors are stocking up on the shares of those companies that will benefit most from the windfall profits they will receive as part of the reduction in the corporate

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@theMarket: Should Be Good Month for Stocks
By Bill Schmick,
05:34PM / Saturday, December 09, 2017
The House passed a stop-gap spending bill averting a government shut-down late Thursday night. As a result, markets moved higher. We can expect more of the same until the next deadline, which is just before Christmas.    To be honest, investors have become so used to these eleventh hour deals out of Congress that the markets hardly budge when the drama begins. Dec. 22 is the new date investors will be watching. We will see whether a compromise can be reached on the budget for 2018 by then.   In the meantime, the markets will remain focused on the Republican tax deal. The hope is that a compromise between the House and Senate will be reached in time for

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