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The Berkshires online guide to events, news and Berkshire County community information.           
Sunday November 22, 2009
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What's Playing

Vampire Weekend

The Drury Drama Team presents "Dracula" on Thursday-Saturday, Nov. 19-21.

If you don't know who these guys are, just stay home. Holy batmania! "New Moon" surpasses "Dark Knight's" opening numbers.


'Pirate Radio': Good Movie Ahoy, Mateys
Movie schedules and times

Bazaars

Nov. 21

St. Stanislaus School benefit, 9 to 4 in Kolbe Hall, Adams. Bake sale, snack bar, games, Chinese auctions, money raffle, crafts, and pierogi.

Blackinton Union Church, 1373 Massachusetts Ave., North Adams; 10 to 2. Crafts table, bake sale, Chinese auction, the Christmas table, and kid's grab bag. Lunch $4, $2 kids.

First Congregational Church, North Adams, 9-2.

Nov. 28

Becket Federated Church
, Route 8, holiday bazaar from 9-3. Lunch, crafts, baked goods, holiday and other items. Information: Mary Peltier, Parish House, 413-623-5217.


Dec. 5

Holiday Fair at First Congregational Church, 25 Park Place, Lee, from 10 to 3; handcrafted items, raffles, children's shop, bake sale, cut Christmas trees and lunch from 11 to 1. Includes angel-themed goods from SERRV. Information, 413-243-1033 or www.ucc-lee.org.


Dec. 12-13

North Adams Country Club, crafts 9-4; food from That's a Wrap from 11-2. Information: Sheryl Morehouse at 413-822-3329.

Planning a bazaar this season? Submit information to info@iberkshires.com to have it listed here.

Sales Fliers

 
 

Daily Digest

Hooray for Vermont's Sanders and his battle against credit card companies.
How Much is Heating Oil this Week?
It's breaking $2.50 but still cheaper than gas.
Clarksburg Crime Watch Signs



We're trying out blogs to offer shorter, easy-to-find news. Let us know what you think.
Send press releases and announcements to info@iberkshires.com. Need to contact someone at iBerkshires? Here's how.
Mammography Dispute
The government's issued controversial new guidelines stating that women shouldn't get annual mammograms until age 50, rather than age 40.

iBerkshires will be meeting with local medical experts Monday. Have a question you'd like answered on this issue? Send it info@iberkshires.com with "mammogram" in the subject line.

Obituaries

Paul Sandler, 64
Robert J. Heideman, 73
Carol V. Vallieres, 75
More obituaries

Sports

11-21-09 Williams women's soccer: The College of New Jersey wins over Williams 1-0

More Photos to come.

Williams College Men's Basketball Season Outlook
MCLA Picked Last in Men's Preseason Coaches Poll
2009 MIAA Girls Soccer - State Division 2

11-21-09 Cardinal Spellman win over Wahconah 2-1 2OT

Media Partners

Berkshire News Network (WNAW;WUPE)
WJJW Charlie in the Morning

Election


Trying to remember who won what and why? All the information is right here.

 

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@theMarket: Markets Present Another Buying Opportunity

By Bill Schmick
iBerkshires Columnist
11:58AM / Saturday, September 26, 2009

Bill Schmick
This week's dip presents another opportunity for investors who have been itching to put more money in the stock market.

There have been several pullbacks this year since the market bottomed but all of them have been shallow. Investors waiting for a really big sell-off have been disappointed and they may be yet again.

Buying a certain set-dollar amount of securities over a period of time, usually several months, can be a profitable strategy that can reduce the average cost of a particular investment. It's called dollar-cost averaging and works best in declining markets. However, it can work well in market corrections or dips like we have had this year.

So far, we have had three pullbacks since the March lows ranging from 4 percent to 7 percent. Many pundits are waiting for a bigger correction on the order of 10 percent to 15 percent, but so far the markets refuse to oblige. First, it was feared that the summer would bring a correction when volumes were low and investors were on vacation. When instead, we were greeted by a summer rally, pundits re-grouped and put off the correction until now, the September-October period, when markets traditionally perform their worst.

We may still have that long-awaited pullback. Statistics are on the side of those who expect it.  Rarely do markets go up (or down) in a straight line. There is no question that markets are extended so we should be prepared for the inevitable no matter when it occurs.

So how do you play the pullback? Of course, you could go to cash, but if this dip turns out to be shallow, you will have shot yourself in the foot. Not only will you incur brokerage fees for selling plus capital gains on your winnings, but then you will be forced to go right back into the market and re-build positions. I suggest leaving that that tactic to the day traders.

However, there are a variety of ways you can hedge your portfolio. You can sell some of your winnings and reallocate that money to cash, bonds or some other asset class. Professional portfolio managers do this often. It's called "portfolio re-balancing."

Another strategy would be to buy put options on either the market or on your individual stocks. The prices of "puts" go up when the underlying optioned security declines. Please note, prices go the other way when your securities go up. One could also buy inverse exchange traded funds as a hedge.  These funds function like put options rising when the markets or sectors go down and vice versa.  Inverse ETFs have received a lot of bad press recently. Their detractors claim that speculators use them to manipulate markets, which I find hard to believe. Inverse ETFs are valuable tools that can protect your investments, especially in uncertain times like today.

"I have a better idea," said the owner of a convenience store I frequent in Columbia County who plays the market, "just take the hit, watch it go down and buy some more. I've been doing it all year and it works just fine."

Good advice. Maybe he should be writing this column.

Listen to Bill's "@theMarket" show here.

Bill Schmick is a registered investment adviser and portfolio manager with Berkshire Money Management (BMM), managing over $180 million for Americans in the Berkshires. Bill’s forecasts and opinions are purely his own and do not necessarily represent the views of BMM. None of his commentary is or should be considered investment advice. Direct your inquiries to Bill at 1-888-232-6072 (toll free) or at wschmick@berkshiremm.com. Visit www.afewdollarsmore.com for more of Bill’s insights.

Anyone seeking individualized investment advice should contact a qualified investment adviser. None of the information presented in this article is intended to be and should not be construed as an endorsement of BMM or a solicitation to become a client of BMM. The reader should not assume that any strategies, or specific investments discussed are employed, bought, sold or held by BMM.
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