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Markets get back to business

Since Labor Day marked the end of summer for Wall Street, the big guys came back to work and evidently did not like what they saw. As this week comes to a close, all three indexes suffered losses. read more…

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Three in one

On Thursday, all three U.S. benchmark averages—the S&P 500, NASDAQ and the Dow Jones Industrial Average—registered historical new highs on the same day. You don’t want to know what happened the last time this happened. read more…

Why the nation’s productivity matters

The headlines paint a stark portrait of the amount of goods and services that American workers produce in any given year. We are in the longest decline of American productivity since the 1970s. That fact has economists pessimistic about the future chance of continued growth in this country. read more…

How to mess up an inherited IRA

Whoopee, your great aunt died and left you her Individual Retirement Account (IRA). The first thing you want to do is cash the check and take the family out to dinner. Wrong! The first thing you should do is read the rest of this column.inherited IRA read more…

Markets need to digest recent gains

Greed and fear make the world go round. While Donald Trump attempted to tap into the latter emotion in his acceptance speech this week, investors were mesmerized by the opposite emotion, at least where the stock market is concerned. read more…

The candidates and the economy

As the GOP political convention winds down and the Democrat convention gears up, we continue to hear a steady stream of economic ‘one liners’ from the candidates. We all know that fixing the economy is one of the major issues of this campaign but so far the candidates are long on words and short on specifics. read more…

Markets make hay

A series of new historical highs rewarded investors who remained patient this year and remained invested. Unless something changes in the world of central banking, there is a good chance that further gains are in store for the stock market. read more…

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About Bill

Bill Schmick was born in a blue-collar neighborhood of Philadelphia, just a few blocks north of “Rocky Balboa” territory where most of his Catholic schoolmates grew up to be either cops or criminals. He narrowly escaped both professions by volunteering to fight in Vietnam as a U.S. Marine... Read More


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