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A rough rollout for Obama care

 

Problems began on day one. Since then the controversy has escalated until just about everyone has something negative to say about the Affordable Care Act. Aside from the litany of computer glitches and misinformation that has greeted the uninsured millions who have attempted to access HealthCare.gov, there are now new questions arising over benefits and costs. read more…

Fourth Quarter Rally?

 

Here we are just a week away from surviving October, notoriously the worst month of the year. It’s been an up month so far and I’m increasingly optimistic. read more…

Predicting the next stock market crash

 

As part of my job as a money manager, clients will often call or send me some doom and gloom report predicting the next financial meltdown. If I had a dollar for every time these author’s predictions proved accurate, I might have just enough to buy a cup of coffee. Why then, do investors take them seriously? read more…

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Markets March Higher on Hope and a Prayer

My hunch paid off. Investors continued to buy stocks this week hoping that Europe will be able to sort out its financial crisis within the next few weeks. Right now, the markets are in need of a few days of consolidation before breaking higher.

Please, Please, let the EU deliver on a plan

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The American Autumn

Occupy Wall Street, contrary to press reports, did not “come from nowhere.” The American grassroots movement that has spread to over 40 cities is a natural progression of protests that began in the Arab world this spring.

Dont Tread on Me

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Bottoming Out

One could tend to dismiss this week’s market move as just another short covering rally triggered by unsubstantiated rumors from Europe. Friday’s sell-off in the face of fairly good unemployment data bolsters that premise. So why do I feel we have further to go on the upside?

Time to pay attention

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Zombies are BOOming

They arrive at night or at odd times when most of us fail to notice.  In small towns and large, in desolate strip malls and out of the way commercial spaces, store fronts pop-up, as if by magic. The costume stores have come to town. Halloween is coming, so get ready for what has become the third largest party night in America.

Most popular costume this year

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No Where Land

“He’s a real nowhere man,
Sitting in his Nowhere Land,
Making all his nowhere plans
for nobody.”
 The Beatles

http://www.youtube.com/watch?v=hfWEPu0w-7w

If there was ever an argument for staying on the sidelines, this week’s market action should have driven that point home to even the most aggressive investors. We are betwixt and between, groping blindly through a fog of confusion, rumors and false starts. Over the short-term expect more of the same. 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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