Morgan Stanley Says Sell Best S&P 500 Rally Since ’38

Financials opened higher and have been drifting down all day as the markets made new intraday highs, same thing yesterday, dow rallied and financials hardly participated until the end of the day, however today if this rally falls apart it will be led lower by financials selling off.
 
Quote from Daal:

Financials soaring and MS down for the day. Looks like the insiders are taking this advice seriously :p
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Must be one of these 6 sigma events for MS ! :D
 
Quote from S2007S:

Financials opened higher and have been drifting down all day as the markets made new intraday highs, same thing yesterday, dow rallied and financials hardly participated until the end of the day, however today if this rally falls apart it will be led lower by financials selling off.
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Just curious, but how are those shares of FAZ you bought the other day at 26.9?
 
Quote from Ivanovich:

Just curious, but how are those shares of FAZ you bought the other day at 26.9?
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I have a total of 350 shares and will add 50 shares on each $1.00 move lower from here on in. Today I added more around $16.95.

I know you believe the markets are back in bull mode due to the 20% gain from the bottom but if you actually think the recession is done and the economy is ready for a fresh start wow you are wrong. The fed keeps pumping trillions of dollars to pump up a worthless economy.
 
Quote from Brandonf:

Probably the best reason I've seen yet to buy.
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+1

Just need GS to agree for confirmation. They were quite timely in the 200 dollar buy oil call.
 
I don't know where all this bravado in this thread comes from. Maybe it is just posturing on the internet. When any of you have a million dollar day, even then you would not be in the same league. It used to be if Goldman Sachs made a play, you would be ill advised to be on the other side of it. That goes slightly less for Morgan Stanley, but only mildly.

I see no reason to sell here, but I see no reason to buy either.
 
Quote from nitro:

I don't know where all this bravado in this thread comes from. Maybe it is just posturing on the internet. When any of you have a million dollar day, even then you would not be in the same league. It used to be if Goldman Sachs made a play, you would be ill advised to be on the other side of it. That goes slightly less for Morgan Stanley, but only mildly.

I see no reason to sell here, but I see no reason to buy either.
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MS Level 3 assets are 200% of tangible common equity. They are super-traders, they dodged the crisis :p
 
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