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@theMarket: The Fed Does It Again
By Bill Schmick,
04:15PM / Friday, March 20, 2015
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Coming into this week's Federal Open Market Committee meeting, investors thought they had a handle on what the central bankers planned to do about interest rates. Once again, the Fed threw us a curve.

The bet was that the word "patient," in regard to when the Fed might raise interest rates for the first time in nine years, would be removed from the language of the FOMC policy statement. That would signal, according to Fed watchers, that the first hike in interest rates would occur as early as June.

It was a scenario that would almost guarantee that the dollar would continue to gain ground against the world's currencies, while oil continued to fall. Short-term

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@theMarket: Pay Attention to Diverging Markets
By Bill Schmick,
03:50PM / Saturday, March 14, 2015
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It was a turbulent week for U.S. stocks as the strong dollar and worries over possible rising interest rates spooked investors. But not all markets followed our lead. This divergence could be the beginning of a trend that could benefit your portfolio.

Normally, the American stock market is the big dog that wags the tail in international markets. When U.S. averages decline, foreign markets fall with them and vice versa. "De-coupling" occurs when the opposite happens like it did this week.

While U.S. stocks declined, both the Chinese and Japanese stock markets gained. Other Asian markets also did well, especially South Korea, which cut a key interest rate this week. So

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@theMarket: Home on the Range
By Bill Schmick,
04:01PM / Saturday, March 07, 2015
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New highs followed by some selling, then a little back and fill, before climbing to yet another new high. That's the environment we are in and it happens to be a great recipe for making money in the stock market.

The last few days are a great example of what I'm talking about. Last Friday, the Nasdaq finally breached the 5,000 level. Now there was nothing magical about that number. It's round and the media decided to use it as some sort of goal post for the technology index. As I predicted in recent columns, the Nasdaq scored that touchdown and then this week, promptly fell back 40-plus points. The other averages sold off in sympathy and here we sit in yet another

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@The Market: Full Steam Ahead
By Bill Schmick,
03:53AM / Saturday, February 28, 2015
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The major averages made all-time highs again this week, except the Nasdaq. It is just a matter of time before that tech-heavy index joins the party. But what happens after that?

The short answer is that we go higher, maybe not right away, but soon. January, you may recall, was a down month, which was similar to last year. This month saw a recovery followed by higher highs just like last year. If the trend versus last year continues, we should see further gains in March, possibly fueled by more demand from overseas investors.

Given that the United States is the only game in town for bond buyers, if off-shore investors want yield and safety, we should expect to see a continuation

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@theMarket: A Race to the Bottom
By Bill Schmick,
07:19PM / Friday, February 13, 2015
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Faced with slowing economies and sluggish employment, more and more countries throughout the world are devaluing their currencies, slashing interest rates and stimulating growth wherever they can. That should be a recipe for further global growth in the years to come.

These days wherever you look — China, Canada, Denmark, Sweden — central banks are announcing surprise interest rate cuts on a weekly basis. Last month's announcement by the ECB of their own additional quantitative easing efforts evidently triggered a rush of responses by other banks across the world.  So far this year 26 out of 34 major central banks are establishing or maintaining monetary easing

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