Markets
It’s All About the Dollar (uup, tlt, uso, wtic)
More and more, strategists, commentators and investors are coming to the same conclusion: it’s all about the… Read more
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
The End of QE2
I’ve been writing Daily Profit every day since October of 2008. I may have a missed… Read more
Who’s Going to Pay?
The Federal government is on the verge of shutting down as politicians are unable to agree… 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
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
Throw the Crooks in Jail! (brk, aig, blk, gs, lz)
And speaking of Warren Buffett, one of his top executives, David Sokol, has resigned on accusations of insider trading. Apparently, Sokol bought… Read more
Window Dressing
The last few days of the first quarter are here. And what a quarter it’s been! We… Read more