Saturday, 26 February 2011

Moneynews.com


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Prechter: Stocks Will Plunge More than 40 Percent


Stock guru Robert Prechter isn’t impressed by the recent stock-market rally. He says the Dow Jones Industrial Average is headed down to 6,800, 44 percent below current levels. Technical factors will drive the market down, Prechter, president of Elliott Wave International, tells Yahoo’s Tech Ticker.


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Gingrich: If Palin Took Obama Actions, There Would Be Calls for Impeachment


In an exclusive interview with Newsmax.TV Friday, former House Speaker Newt Gingrich said President Barack Obama’s decision not to fully enforce the Defense of Marriage law could spark a constitutional crisis — as he has directly violated his constitutional duties by arbitrarily suspending a law. He noted that, if a “President Sarah Palin” had taken a similar action, there would have been immediate calls for her impeachment.


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