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- Tonight: The Biggest Speech of His Life; What Investors Can Expect - by Submitted on Sep 09, 2011 from Profit ConfidentialMost Americans will be glued to the television tonight to see what the leader of the most powerful country in the world has to stay about his plan to get the economy going; in specific, to create jobs. There is no doubt in my mind: President Barack Obama will be a one-term president unless he ...
Views: 481 - A Summer Break; Why It May BeTime for Investors to Take One - by Submitted on Aug 02, 2011 from Profit ConfidentialIt was not what traders were hoping for, as the second-quarter gross domestic product (GDP) came in at a meager 1.3%, well below the 1.7% estimate. And making matters worse was a downward revision in the previous first-quarter estimate to a dismal 0.4% from 1.9%. My economic analysis is that ...
Views: 548(1 vote) - $2,000 for an Ounce of Gold Seems Like the Only Bet Worth Making - by Submitted on Aug 02, 2011 from Profit ConfidentialIt’s pretty clear that the economy will be in a slow growth state for quite some time and the most important economic statistic to follow will be consumer spending. We know that the economy is going to be lackluster for the next several years, because government spending will continue to be ...
Views: 493 - An Early Obituary for the Euro - by Submitted on Aug 02, 2011 from Profit ConfidentialDoes America want members of the 17 eurozone countries to go bankrupt one by one? If only a few went under, the American currency would win the currency wars and reaffirm itself as the reserve currency of the world. If you were someone living outside the U.S., wouldn’t this sound like a ...
Views: 521 - Stock Market: What’s Really Going on Now - by Submitted on Jul 28, 2011 from Profit ConfidentialWhat a day for the market yesterday. Wherever we looked, we saw a sea of deep red. Stocks got chopped. Gold was down. Bonds were down. My dear reader, you’ll read opinions here in PROFIT CONFIDENTIAL that you will not read elsewhere. (Maybe that’s why 30,000 people a month are flocking to ...
Views: 948(1 vote) - Gold: The Only Sector with Improving Fundamentals - by Submitted on Jul 28, 2011 from Profit ConfidentialThe stock market is facing some strong headwinds over the short term and all the wrangling is a real shame considering that we’re still getting great earnings results from large-caps. It’s no wonder the spot price of gold keeps ticking higher; there’s nothing else for investors to rally ...
Views: 579(1 vote) - Stocks Aiming Higher, But Don’t Forget That Risk - by Submitted on Jul 26, 2011 from Profit ConfidentialOn July 19 and 21, the key stock indices surged towards their respective multi-year highs. The key stock indices have shown some resilience after battling back from being down nearly 10% this year to the point where the S&P 500 is less than two percent from its multi-year high. The key stock ...
Views: 486(1 vote) - The Stock Market’s New Best Friend—Buffett Will Be Pleased - by Submitted on Jul 26, 2011 from Profit ConfidentialIn the age of austerity, it’s workers who are going to get squeezed. How else are so many large companies reporting excellent earnings? While everyone would like the economy to be at or near full employment, I think the stock market is now settling into the reality of a sustained higher jobless ...
Views: 477(1 vote) - Organized Citizen Protests: A New American Phenomenon? - by Submitted on Jul 26, 2011 from Profit ConfidentialPlease follow my story this morning. Far away from North America, in Madrid, Spain, thousands of protestors are marching to protest high unemployment and poor government. They have marched for weeks. The unemployment rate in Spain is 21%. According to The Associated Press, unemployment ...
Views: 502 - Why Tech Stocks Are Where You Should Be - by Submitted on Jul 22, 2011 from Profit ConfidentialThe second-quarter earnings season has started strong. As of July 20, 88 of the S&P 500 companies have reported, with 78% beating estimates and 10% falling short, according to Thomson Reuters. Strong earnings from technology have provided the catalyst for the buying, helping to offset the ...
Views: 560 - New Record Highs on the Stock Market—Who’s Hitting Them? - by Submitted on Jul 22, 2011 from Profit ConfidentialIt would be so wonderful if the sovereign debt crisis in Europe was not at hand. It never pays to live in a fantasy world, but corporate earnings are coming in so good that the market would be a lot higher if we didn’t have to worry about country debt. According to a report by Bloomberg, of ...
Views: 464 - A Stock Market That Just Wants to Move Higher - by Submitted on Jul 22, 2011 from Profit ConfidentialThrow bad news at this stock market…it doesn’t matter…the assault on Dow Jones 13,000 continues its move ahead. Yesterday was another big upside day for stocks despite a series of what I believe were negative economic news reports. Bloomberg ran a story saying that a deficit-reduction plan ...
Views: 512 - Europe & the U.S.: Spending All the Way to the Poor House - by Submitted on Jul 21, 2011 from Profit ConfidentialFirst it was Greece, then Ireland, followed by Portugal. There are also issues in Spain. This group is widely known as the “PIGS,” an acronym for the four countries and appropriately named for its greedy sucking of emergency capital (except Spain so far). What the PIGS have in common are ...
Views: 533 - Big, Brand-name Company Takeovers Back in Style—What’s Old Is New Again - by Submitted on Jul 21, 2011 from Profit ConfidentialThere are so many companies that you don’t think about investing in, even though it’s likely that you use their products on a regular basis. One such company is The Clorox Company (NYSE/CLX), which is now in the sights of billionaire Carl Icahn. This financier is Clorox’s largest shareholder and ...
Views: 513 - Economy: The Only Path to a Meaningful, Lasting Recovery - by Submitted on Jul 21, 2011 from Profit ConfidentialThrowing taxpayer money at conjured schemes to revive the economy needs to stop, but Washington does the exact opposite. They are spending their time on ideas that take money from peoples’ hard-earned taxes to help other people who made very bad decisions. Here’s what I’m venting ...
Views: 501 - Need Growth, Income and Security? Here’s the Kind of Stock to Look for - by Submitted on Jul 01, 2011 from Profit ConfidentialI still think that one of the best trades going is investing in gold. The equity market has seen strong interest in higher-dividend-paying stocks, but the gold play is one that covers all the bases. The global economy is in a period of slow economic growth and a well-deserved age of austerity. ...
Views: 521 - Fed Says: More Hurdles Ahead in Economic Recovery - by Submitted on Jul 01, 2011 from Profit ConfidentialNot only are we dealing with the uncertainty in Greece and the rest of Europe, but also the economic conditions in the United States appear to be worsening. From housing to jobs, to manufacturing and consumer spending, the signs are everywhere that the U.S. economy is stalling. There was ...
Views: 483 - Economy, Unemployment, Inflation and Stimulus: The Surprises - by Submitted on Jul 01, 2011 from Profit ConfidentialIn January of this year, the Federal Reserve predicted that the U.S. economy would grow between 3.4% and 3.9% in 2011. In April, the Fed said it predicted that the economy would grow less, at between 3.1% and 3.3% this year. Yesterday, the Fed lowered its growth prediction for the U.S. for 2011 ...
Views: 507 - Who Really Owns America Now? - by Submitted on Jul 01, 2011 from Profit ConfidentialThey’re back… After shying away from buying U.S. Treasuries, as the Federal Reserve was using its QE2 to do its own buying of government bonds, China increased its holdings of U.S. government debt for the first time in six months this April. China holds about $1.149 trillion of long-term ...
Views: 536 - Special Stock Market Chart Review: Charts Point to Further Weakness - by Submitted on Jun 28, 2011 from Profit ConfidentialThe six-day losing streak finally came to an end on Thursday, but I sense that the buying was likely more to do with oversold buying than a change in market sentiment. The charts continue to show fragility and exhaustion, with the near-term view being bearish on weak Relative Strength (RS). ...
Views: 517 - Stock Market Downgrade Makes Next Quarter’s Earnings Story That Much More Attractive - by Submitted on Jun 28, 2011 from Profit ConfidentialMost economic analysis hasn’t been accurate over the last several years, and it’s partially due to the severity of the financial crisis, which almost brought about the complete collapse of the stock market. While history is replete with all kinds of recessions (some more severe than others), ...
Views: 491 - Gold: The Fundamentals Keep Shaping up for this Investment - by Submitted on Jun 17, 2011 from Profit Confidential“Uncertainty” and “worry” are the words describe the current state of the equity market without corporate earnings and new visibility. Second-quarter earnings season can’t come soon enough—it’s what the market is desperately waiting for. We have a situation where stock prices are bouncing ...
Views: 515 - Stock Market Charts—George’s Analysis this Week - by Submitted on Jun 17, 2011 from Profit ConfidentialA month ago, I expressed my concerns with the S&P chart and thought stocks were set for additional weakness. My investment advice was to be careful and not to chase stocks. Even after the one-day surge on Tuesday, I thought it was largely due to an extreme oversold condition resulting from ...
Views: 481 - Spot Price of Gold: Why It’s Ready to Take Off Once Again - by Submitted on Jun 16, 2011 from Profit ConfidentialThere’s only one way to say it: investment risk in this market is high. The sovereign debt issue keeps rearing its head every other week or so and the developments in Europe are having a material effect on the domestic equity market. This entire issue is related to the mortgage financial crisis ...
Views: 486 - The Second Recession: What It Will Feel Like - by Submitted on Jun 15, 2011 from Profit ConfidentialLast Friday, I presented you with my seven top reasons why we should be worried about the long-term prospects for U.S. economy. Today, I’m going to shorten the time frame and tell you why I expect we will fall back into a recession soon. When the credit crisis first hit, there was a lot ...
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