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@theMarket: From Russia With love
By Bill Schmick,
08:05AM / Saturday, June 20, 2015

The newest wrinkle in the Greek debt crisis occurred this week when Greek officials met with Vladimir Putin to discuss a gas pipeline extension as well as the possibility of lending the cash-strapped nation additional funds.

Deliberate leaks to the press during negotiations, accusations that Europe is blackmailing Greece and constant grandstanding by Geek Prime Minister Alexis Tsipras has not only turned off EU, IMF and ECB negotiators, but has created a growing chorus of those who just want an end to the farce. There will be another last-ditch attempt at some sort of reconciliation on Monday, in an emergency summit of sorts in Brussels. Greece still has 12 days to make its monthly

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@theMarket: Don't Try to Trade This Market
By Bill Schmick,
09:05AM / Saturday, June 13, 2015

Nothing really changed this week. The S&P 500 Index is up about one point from last Friday's close. It makes little sense to try and trade this market unless you are nimble and spend eight hours a day making small gains and getting out before the end of the day.

We continue to trade in a tight range with markets held hostage by the on-going Greek tragedy. Brinkmanship among all parties concerned continues with the International Monetary Fund deciding last night to walk out on the talks. Clearly, patience is wearing thin among the IMF, the ECB and the EU.

Unfortunately, the markets are still hanging on every word that Germany, Greece and other organizations utter.

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@theMarket: Too Hot or Too Cold
By Bill Schmick,
11:16PM / Saturday, June 06, 2015

The stock market is rarely satisfied with lukewarm. Investors insist on boiling down complex variables to simple either/or choices. It doesn't always work.

Take Friday's non-farm payroll number. The country gained 280,000 jobs in May, the largest number since December. In addition, 32,000 more jobs were revised upward in last month's data. The unemployment rate ticked up to 5.5 percent from 5.4 percent, but that was probably due to college graduates seeking jobs.

Wage gains, something I have been focused on, jumped 8 cents to an annual rate of 2.3 percent.

That is an improvement, but still below the average wage gains of 3-4 percent one would like to see as the

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@theMarket: Another Record High
By Bill Schmick,
01:34PM / Saturday, May 16, 2015

This off-again, on-again market continues to grind higher, if only by a few points, but it is the direction that counts. This week it was the S&P 500 Index's turn to chalk up another record gain. And so it goes.

If you recall last week, we were at the bottom of the trading range before the "algos" (algorithmic trading programs of high frequency traders) kicked in and took us up again. This time the cast of characters responsible for lifting the markets included a declining dollar, higher interest rates and higher oil prices.

Before you ask, no, none of those reasons make any sense, but they are not supposed to. It's simply a case of more noise in a market

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@theMarket: Buy on the News
By Bill Schmick,
02:42PM / Saturday, April 25, 2015

The worst of earnings season is behind us and it isn't nearly as bad as investors feared. Led by the tech sector, market averages are once again near their highs and appear to be on their way to even higher highs. Halleluiah.

If you recall that last week at this time, world markets looked to be at death's door and the recovery in five days has been encouraging. It is not only the U.S. market that has seen a strong recovery. The highly volatile Chinese market, after experiencing close to a 5 percent sell off in two days, rebounded nicely, erasing all losses and then some. The same can be said for Hong Kong and Japan. And now Taiwan is getting into the mix with more than a 3

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