Charting Stocks

Morgan Stanley’s UK equity strategist Graham Secker painted a bleak economic picture for the United Kingdom. In his morning forecast, Mr. Secker warned that UK profits could fall by 60% in the current downturn – a worse performance than the great depression of the 1930s.
“We now forecast UK profits [will] fall by 60% across 2008 [...]

The Fed’s Move
Amid pressure of growing concerns of a recession, and contrary to every public comment he has ever made, Ben Bernanke stepped in to bail out Wall Street at the expense of higher inflation and a declining US dollar. His 50/50 bps cut on the fed funds and discount rates sent stock prices and [...]