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The Independent Investor: Should You Be Worried About October?
Bill Schmick,
03:59PM / Thursday, September 29, 2011
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A common perception on Wall Street is that October is the worst month of the year for the market. It is true that the month has historically failed to provide stellar returns, but it is actually September that deserves the title of the worst market month of all.

The good news is that September is over. Does that mean we can look forward to better times ahead? Well not quite; we still have to deal with October, which like March, is usually a month that begins like a lion and ends like a lamb as far as selloffs are concerned.

So what makes investors so fearful of October? It might be because October has ushered in some auspicious dates of calamity beginning with a 12.8 percent plunge in

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@theMarket: Highway to the Danger Zone
By Bill Schmick,
08:19PM / Friday, September 23, 2011
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"Highway to the Danger Zone
I'll take you
Right into the Danger Zone"

One would think that the world is coming to an end. By Friday morning every headline, every opening sound bite on television and on the radio began with the massive declines experienced by world stock markets this week. Take all this with a grain of salt.

"You never bet on the end of the world," said Art Cashen, the experienced Wall Street veteran and director of floor services for UBS. "That only happens once and the odds of something happening once an eternity

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The Independent Investor: What the Markets Missed
Bill Schmick,
10:49PM / Thursday, September 22, 2011
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As disappointed global stock markets plummet in response to the Federal Reserve's latest stimulus initiative, few investors are paying attention to what may be the Fed's real intention behind this new plan: mortgage refinancing.

For the longest time, I have been convinced that the housing market holds the key to economic growth (or lack of it) in the U.S. As such, I have been hoping against hope that one or more of a long line of presidential candidates would actually have the courage and intellect to recognize and address our main problem.

Instead, I hear how "we need to get America back to work" or "we need to roll back all these regulations that are preventing

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@theMarket: Home on the Range
Bill Schmick,
10:08AM / Tuesday, September 20, 2011
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Over the last few months, the stock market has traded in a range that has confounded both bulls and bears alike. Now, we are fast approaching the top of the range once again. Will the averages disappoint once again or are we on the verge of a break out?

We turned to our old friend John Roque, technical strategist at WJB Capital Group, for some insight. Many readers know John either through these columns or because of his many appearances on CNBC and other media outlets.

"The S&P 500 Index has serious resistance at 1,220-1,227 and then 1,250," he says, "Meanwhile, support levels are 1,150, 1,100 and 1,050. However, 950 is not out of the question."

He points

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The Independent Investor: Deja Vu
Bill Schmick,
08:20PM / Friday, September 16, 2011
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"U.S. stocks opened higher Thursday as the Federal Reserve and four of the world's other major central banks agreed to make U.S. dollars more readily available in Europe's struggling financial system."

" ... Early Thursday, investors welcomed the news that the Fed — along with the central banks of England, Switzerland, Japan and the euro zone — is coordinating a program to boost dollar liquidity in the region."

The markets are climbing in celebration that the central banks of the world are combining and coordinating their immense financial

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