The Lost Decade, American Style?

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Housing prices fell as much as 18% in November 2008 when compared to the year-earlier period. Consumer confidence registered a 40-year low. Influential NYU economics professor Nouriel Roubini says… Read more

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Brother, can you spend a dime?

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Caterpillar (NYSE:CAT) missed earnings expectations and announced 5,000 job cuts. Home Depot (NYSE:HD) is cutting 7,000 jobs. And Sprint (NYSE:S) plans to ax 8,000 employees. And yet stocks are… Read more

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Dividend cut at GE?

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They say what doesn’t kill you makes you stronger. I keep that in mind as I watch the Dow Industrials repeatedly test the 8,000 support level. 
We’ve watched buyers continue… Read more

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IBM, AAPL Beat Earnings, MSFT Misses and USO

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Once again, the buyers have stepped in at obvious support levels and sent stocks higher. We’ve identified support for the Dow Industrials at around 8,000. And while the index… Read more

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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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