Charting Stocks

The stock market will drop as major banks go belly up says Nouriel Roubini, the NYU economist that successfully predicted the current economic collapse. Below is the text from an interview Mr. Roubini gave  today on Bloomberg TV.
U.S. stocks will fall and the government will nationalize more banks as the economy contracts through the end [...]

The once over-sold stock market has rallied for the past couple of weeks. This rally, though fresh in all of our minds, is not much different in time, or magnitude, than the previous upward corrections throughout this bear market.

President Barack Obama will nominate David Cohen to serve in the US Treasury as assistant secretary for “terrorist” financing.  Mr. Cohen will work directly under US Treasury Secretary Timothy Geithner. Bloomberg  reports that the nomination of Mr. Cohen and 2 others were needed because “efforts to revive the economy have been hampered by vacancies in [...]

Interesting article posted on CNN today.  Do I sense a tax revolt  coming?
Unhappy voters jam Capitol Hill phone lines
WASHINGTON (CNN) — The recent debate over the nearly $900 billion economic stimulus plan and revelations of tax problems by three Obama administration appointees have voters angrily jamming phone lines on Capitol Hill to air their frustrations [...]