Markets
2009 Forecast
Once again, the Dow Industrials has confirmed that there is support around the 8,000 level. Yesterday’s bounce marked the 12th time the Dow has bounced as it approached 8,000… Read more
Economic Recovery?
No, the U.S. economy is not getting better. It’s getting worse. Daily Profit has been saying that unemployment will go higher and that we will see many more bankruptcies,… Read more
The Fed’s About Face
It’s been my contention that oil prices will remain range-bound for the foreseeable future. And the 60 Minutes story I relayed on Monday supports that belief. If oil’s move… Read more
The Oil Bubble
60 Minutes ran an excellent piece on the run in oil prices from 2005 – 2008. And guess what? It was all Enron’s fault!
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Stock Valuations
On Wednesday, after a few down days in a row, we tried to sift through the various clues to decide whether the selling we saw was investors taking some… Read more
Your Daily Profit
Retail sales numbers are out for December. Obviously, they weren’t good. Sears stores reported a 12.8% drop in sales. The Limited saw sales fall 10%. One of the few… Read more
Reader Mail
As you can imagine, I’m thrilled that people have made some money from Daily Profit stocks. And I want to point out, also, that I’m not in any mood… Read more
Happy New Year
Economically-speaking, we’re closing out 2008 on a down note. December consumer confidence dropped to the lowest level in 41 years.
Read more2008 Predictions
Two more days and we’ll put 2008 behind us. 2008 set a number of stock market records, none of them good. I came across a Business Week article highlighting… Read more