Morgan Stanley Drops a Bomb...

[ByLoSellHi]

Talk about a MASSIVE revenue miss - 3 billion versus 5 billion - that's only a 40% miss (something I've never seen before).

Watch the prices of all hedging instruments skyrocket.

Do you mean to tell me that even with every crooked accounting trick available to it plus free $$$ from the government, MS couldn't put lipstick on itself?

Skepticism & Doubt are back in a big, big way.

 

[rickf]

Well they couldn't make December losses disappear -- Goldman already used that trick last week.

 

[ASusilovic]

Morgan Stanley slashes dividend 81%, to 5 cents. The company said the move will save it $1 billion a year.

 

[WaveStrider]

Maybe after they paid themselves there was nothing left - less than nothing.

 

[libertad]

ByLoSellHi

Do you mean to tell me that even with every crooked accounting trick available to it plus free $$$ from the government, MS couldn't put lipstick on itself?

..............................................................

Perfectly stated........

All prices have to shift down in a big way....

Any attempt to maintain false pricing will fail....

Sadly ....the inevitable tax increases all for naught....

And will guarantee far more difficulty in becoming competitive....because taxes will be the highest cost component of all products....

Lots further to go...

"DOWN".......

..............................................................

One is going to continually hear downward adjustments....

Geithner....IMF....and the like.....

JUST DO NOT GET IT.....

 

[wave]

How many layoffs coming?

 

[wilburbear]

Relative strength in the stock market can be used to make bad earnings announcements.

 

[Daal]

Stock set to open about 8-10% lower, this will be the opportunity of the day as the stock rallies and manages to finish the day in the green when Mack says he thinks the economy has bottomed

 

[ByLoSellHi]

Quote from Daal:

Stock set to open about 8-10% lower, this will be the opportunity of the day as the stock rallies and manages to finish the day in the green when Mack says he thinks the economy has bottomed

Good luck with that thesis.

Geithner is in emergency containment mode, given this and the IMF report on global contraction.

The U.S. Government is in crisis mode. Tax receipts are literally collapsing.

http://www.bloomberg.com/apps/news?pid=20601109&sid=anA.WOxto6qQ&refer=home

The real shit is just now hitting the fan - it didn't happen last year.

Don't be surprised to see the other two of the trinity before the day is through (Obama and Bernanke).

 

[libertad]

So much for the govts. ability to forecast.....

They are ALWAYS after the fact....

BRILLIANT !!!!!