GHM Up 65%

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Oil is above $60 a barrel. Investors are buying on the expectation that the end of the recession is in sight. And hopefully, Daily Profit readers are benefiting via… Read more

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BAC and Banks Lead One Week Gains

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The "Stress Test rally" didn’t last long. Bank stocks had a good day Friday. In fact, they had a good week. Bank of America (NYSE:BAC), for instance, went from… Read more

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SOLF Delivers Gains

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The headline reads "Bank Stress Tests Lifts Clouds of Uncertainty." And … Read more

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Bank Stress Test Results

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The Treasury’s stress tests are now, officially, a joke … 
First, the outcome looked as if all banks would need to raise capital. Then it was reduced to just three…. Read more

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What will full employment look like?

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Last week, the Baltimore Sun laid off 61 employees. I heard that a couple reporters were actually called on the phone while they were sitting in the press box… Read more

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Good news out of China

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On Wednesday, the Taiwan stock market posted its biggest gain in 17 years after China Mobile (NYSE:CHL) bought 12% of Taiwanese telecom Far EasTone. The deal was worth $529… Read more

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Bad is Good

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We’ve reached the stage of this rally where bad is good. It started innocently … Read more

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Big Banks: They All Fail

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I figured Citigroup (NYSE:C) would be asked to raise more cash to insulate it against further losses. But when I read that the Treasury will raise reserve requirements for… Read more

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Swine Flu Impacts the Rally

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Somebody’s lying. Bank of America CEO Ken Lewis is on the verge of getting sacked because he failed to tell BAC shareholders that he was buying Merrill Lynch for… Read more

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