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@theMarket: Don't Trade This Market
By Bill Schmick,
10:41AM / Saturday, April 04, 2020
Markets that go up or down several percentage points a day is the new norm. As COVID-19 begins to infect the U.S. heartland, more and more of the country is shutting down. Deaths and cases have still not peaked, so why should we expect the stock market to have bottomed out?    The financial media, I believe, is providing investors a great disservice. Every day, some analyst, money manager, or company executive is either trying to pick a bottom, or telling you the bottom is already in, or arguing that it may be weeks or months away. Ignore them.   My column is not about giving you false hope, or doom-and-gloom warnings. It is about the fact that the stock

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@theMarket: The COVID Crash of 2020
By Bill Schmick,
03:15PM / Friday, March 06, 2020
The stock market has not only erased all the gains of this year but is now working on giving back last year's gains as well. Are we close to a bottom or is there more pain in store for investors?   Unless you are invested in gold, or U.S. Treasury bonds, there are few places that offer protection to investors right now. What may have spooked traders most this week is the freefall of interest rates as exemplified by the benchmark U.S. Ten-Year Treasury bond. It has done the unthinkable falling below one percent in yield. Some believe it is on its way to zero.   You might assume that all this selling is based on the fear that the United States will soon see

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@theMarket: Pandemic Fears Decimate Markets
By Bill Schmick,
06:44PM / Friday, February 28, 2020
The COVID Crash of 2020 crushed the world's stock markets this week. The average decline in the United States topped 14 percent. How much further will they fall and, more importantly, what should you do about it?   My first bit of advice is to refrain from checking how much you lost in your retirement account. Why? Because it will only increase your angst and might trigger the emotional impulse to sell everything before you lose even more.   Next, lets look at the markets. There are two unknowns driving the markets lower. The first is the fear that the Coronavirus (COVID19) will get worse. Investors fear that self-imposed quarantines will be announced here

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@theMarket: Corvid-19 Impact Coming Home to Roost
By Bill Schmick,
04:11PM / Friday, February 21, 2020
It began Sunday night with a warning from one of America's largest icons. Through the week, other companies followed suit, issuing warnings that the China-spawned virus is beginning to impact revenues and profits. Investors are bracing for further announcements in the days ahead.   Now that the Corvid-19 virus has been spreading out through the world for more than three weeks, some companies are beginning to get a handle on at least some of the damage that will incur to their businesses as the virus persists. Apple was the first major company to warn investors that their iPhone sales in China will take a hit in the first quarter. Since then, a number of companies have

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@theMarket: Central Banks Stem Coronavirus Fallout
By Bill Schmick,
11:48AM / Saturday, February 08, 2020
Financial markets rebounded this week, despite the escalation of the number of coronavirus cases worldwide. The upturn may have surprised some, but their mistake was underestimating the power of central banks to support the markets.   The bear case last Sunday evening was that the Chinese stock market would crater upon opening after being closed for Golden Week, the traditional Chinese New Year. While Shanghai did open down 9 percent, it quickly reversed and spent the rest of the week climbing out of that hole.   The main reason for this rebound was the announcement by Chinese authorities that they were prepared to support their financial markets. Publicly, they

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