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Friday, September 30, 2011

The Decline And Fall Of Morgan Stanley


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Friday, September 30, 2011
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The Decline And Fall Of Morgan Stanley

Morgan Stanley is getting killed today, falling more than 9% amid all kinds of rumors, talk about its CDS curve, European exposure, etc.

It's fairly stomach turning, and reminiscent of 2008.

What's really interesting is taking a step back. Not only are we looking at a 2008-era close for the stock, we're talking about a decline of some 87% from its 2000 high. Really, it's just a shadow of its former self. Read »


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