Investing
The Truth Behind Bank Earnings
If you look at “pretax, pre-provision profits”, which excludes taxes, loan loss reserves and one-time items, profits fell 40% year over year.… Read more
Amazon and the Virtuous Tech Cycle (amzn, akam, svvs, llnw, nflx, ibm, intc)
Corporate America kicked it up a notch last week. And the S&P 500 appears to be… Read more
The End of QE2
I’ve been writing Daily Profit every day since October of 2008. I may have a missed… Read more
What Obama’s Budget Speech Means for Your Retirement
In a speech at George Washington University today, President Obama outlined his proposal to cut the federal deficit by $4 trillion in the next 12 … Read more
Bernanke Admits He’s Fallible
In a speech yesterday, Fed Chief Ben Bernanke made two very important statements. First, he said… Read more
More Raises for CEOs (brk-a, brk-b, lz, aig, gm)
Stocks look poised to push higher again this week. The S&P 500 is on the cusp… Read more
Is Ron Paul Right?
It’s the first day of the second quarter, and also April Fool’s day, so be on your guard…. Read more
Insider Trading at Warren Buffett’s Berkshire Hathaway?
One of Warren Buffett’s top
executives at Berkshire Hathaway has resigned amidst a swirl of insider
trading… Read more