'Dr. Doom' needs a new nickname


Economist Nouriel Roubini, known as "Dr. Doom" for his pessimistic views on the economy over the last few years, may need a new nickname. The New York University professor has become almost as optimistic as that ant who can move a rubber tree plant in the classic tune "High Hopes."

According to Bloomberg News, "stocks rose for a fourth day as economist Nouriel Roubini said the worst of the financial crisis is over and the recession will end this year, while takeover speculation lifted commodity shares." All of the major stock indexes are trading up this afternoon.

After trading came word from the economist that he was misunderstood.