President Obama

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The news reported there were 1.4 million people on the Mall to watch Obama get sworn in. And there had to have been that many more in the city…. Read more

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2009 Forecast

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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

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Economic Recovery?

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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

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The Fed’s About Face

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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

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The Oil Bubble

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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

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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

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Your Daily Profit

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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

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Reader Mail

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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

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Happy New Year

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Economically-speaking, we’re closing out 2008 on a down note. December consumer confidence dropped to the lowest level in 41 years.

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