Profits vs Cash Flow
Mike Panzner passes along this intriguing chart: Not only are corporate profits at unsustainable 40-year highs relative to GDP, cash flow...
Goldman Sachs: Sell Tech Selectively
Yeoman’s work by Barron’s Eric Savitz, who pens the must read techblog Tech Trader Daily, in assembling a laundry list of...
Subpar Scorecard
Its travellin’ time, as most traders are en route back from where they were for Turkey day. For those of you left behind,...
Read it here 1st: Profits Flip Negative for Q3
On Friday, Merrill Lynch’s David Rosenberg notes that with "90% of the companies reporting, third-quarter earnings per share...
SPX: Flat for the Year
Congratulations! Your investment returns Year-to-date are = 0.00% Be sure to thank your friendly "Fed-Model-says-stocks-are-cheap /...
S&P 500 Profit Flips Negative for Q3
This slipped by quietly last week: Standard & Poor’s U.S. corporate earnings projections for Q3 has slipped from prior levels,...
Fannie Mae Looks Like Hell
Fannie Mae’s fuzzy math: Fortune magazine reported that the lender changed the way it discloses bad loans, which could be masking...
Shipping to Lattes: The Problem of Higher Prices
Earlier this morning, we noted Starbucks’ (SBUX) inflation woes. When I wrote "Expect to see more problems like these," I...
FASB 157 — Delayed, or Not?
On Monday, a rumor was circulating that FASB Rule 157 was going to be delayed. This helped to power markets higher. We will save...