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It's good to know the financial markets, and the government's legions of economists and statisticians, have a sense of humor. No sooner do I say that the economic "soft patch" we've been experiencing may be ending (based on UK and German manufacturing data), the jobs number comes...
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The correction we’ve been monitoring certainly picked up some steam on Friday. The rioting in Egypt gave investors an easy excuse to drive stocks sharply lower. And there should be no surprise that tech stocks and the Nasdaq bore the brunt of the selling. Tech stocks were strong momentum trades...
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Even Bloomberg does it sometimes. Bloomberg is my favorite financial website. The global perspective is very helpful, and the writers tend to avoid hype and speculation. But every now and then, even Bloomberg will pen one of those headlines that make my skin crawl. Today’s was: Dollar Trades Near...
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Your Daily Profit December 17, 2009 *****Removing All Doubt *****Financial Alchemy *****Oil and the U.S. dollar Fellow Investor, Toward the end of his tenure, some started to wonder if former Fed Chief Alan Greenspan was a fool (after all, he left rates too low for too long and never came to grips with...
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Your Daily Profit October 9, 2009 *****Crisis of Confidence *****The U.S. Mint to Profit from Gold *****Reader Mail Fellow Investor, It was another good day for stocks, as expected. Surprisingly good earnings from Alcoa (NYSE:AA) , along with better than expected initial jobless claims gave investors...
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Normal 0 MicrosoftInternetExplorer4 Your Daily Profit October 2, 2009 *****Third Quarter Starts with Whimper *****Oil Steady Fellow Investor, I bet we can all think of a better way to kick off the 4 th quarter than a big 200 point drop for the Dow Industrials. We’ve all heard the bears declare...
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Normal 0 MicrosoftInternetExplorer4 Your Daily Profit September 10, 2009 ***** Oil , China and Cash for Clunker Stocks *****A Solid Stock *****My Book! Fellow Investor, As if right on cue, the International Energy Agency (IEA) raised its forecast for oil demand again yesterday. “Oil demand in U...
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Normal 0 MicrosoftInternetExplorer4 Your Daily Profit July 13, 2009 *****Strong Dollar Propaganda *****Earnings and Economic Data *****Blueprint for Profits Fellow Investor, A few weeks ago, Treasury Secretary Geithner had to go to China to assure our largest creditor that their investment in the U.S...
Posted to
Daily Profit
by
Ian Wyatt
on
07-13-2009
Filed under:
Filed under: Ian Wyatt, Geithner, Meredith Whitney, Intel, INTC, Goldman Sachs, GS, GE, JP Morgan, Fed, GOOG, BAC, JPM, Treasury, earnings
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Normal 0 MicrosoftInternetExplorer4 Your Daily Profit June 17, 2009 *****Bank Upgrades and Downgrades *****In Your Face , Russia *****Newsletter Advisors Wednesday Fellow Investor, On Monday, an influential bank analyst raised his price target for Bank of America (NYSE: BAC ) to $19. That implies a 40...
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Your Daily Profit May 20, 2009 *****The Forgotten PPIP *****Geithner’s Dilemma *****Profit Opportunities Fellow investor, I was starting to think that Treasury Secretary Tim Geithner was secretly hoping that everyone had forgotten about his plan to remove toxic assets from bank balance sheets....
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Your Daily Profit May 15, 2009 *****Government Intervention *****Sliding Into Socialism? *****Rising Gas Prices You know over the course of the past few months I’ve not held Wall Street or the banking executives in high regard. I hold them almost—that’s almost—singularly accountable...
Posted to
Daily Profit
by
Ian Wyatt
on
05-15-2009
Filed under:
Filed under: Ian Wyatt, recovery, bank nationalization, taxpayer, Chavez, Venezuela, SmallCapInvestor PRO, GHM, China, USO, unemployment, WMT, XOM, Bank of America, BAC, retail sales, General Motors, Chrysler, Ken Lewis
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Your Daily Profit May 11, 2009 *****Stress Test Rally *****Obama’s Economic Numbers *****China Fellow investor, 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 $8.70...
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Normal 0 MicrosoftInternetExplorer4 Your Daily Profit May 6, 2009 *****Uncertainty *****Understanding Risk *****Newsletter Advisors Wednesday Fellow investor, It’s often pointed out that the financial markets hate uncertainty. Makes sense – you can’t price in what you don’t know...
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Normal 0 MicrosoftInternetExplorer4 Your Daily Profit April 20, 2009 *****Nobody’s Fooled by Ken Lewis *****From Carrot To Stick *****How to Profit from Toxic Assets Fellow investor, Banks are getting pounded this morning after Bank of America (NYSE: BAC ) handily beat earnings estimates. Analysts...
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***The Rally ***Re-valuing Banks ***TradeMaster Conference The Rally Stocks made another impressive move higher on Thursday. I think we're all enjoying seeing a little upside for stock prices. There is a light at the end of the tunnel. But I don't want us to lose sight of the near certainty that...