There's still bad news ahead for the U.S. economy "financial shocks are going to be worse than expected.."

Nouriel Roubini, a professor at New York University's Stern School of Business and chairman of economic research firm RGE Monitor, said on Tuesday that he expected more dour macroeconomic data and problems in the banking and housing sectors, as well as pressures on consumers.

Source: http://finance.yahoo.com