A Full-Blown Crisis

Good morning. Futures are pointing to a mixed open as Wall Street awaits the Senate's final vote for the $838 billion dollar stimulus plan and Treasury Secretary Geithner's bank recovery plan at 11:AM. Last night President Obama said the world's largest economy faces a full-blown crisis.

Other headlines include the real possibility of a $1 trillion dollar TARP, more money is needed for Fannie & Freddie, and a new proposal to save the banks using pension funds.

At 10:AM we have both Wholesale Inventories and Geithner's testimony and later on Ben Bernanke is scheduled to speak at 1:PM at the House Financial Services Committee hearing.

While we're likely to hear opinions galore following the Geithner, keep in mind that many will be looking directly for comments by Meredith Whitney on the latest plans so keep that in mind as we navigate this tricky day. Have a terrific Tuesday!