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Morgan Stanley (MS +4.2%) is romping again after telling Fox's Charlie Gasparino that their Q3...

Morgan Stanley (MS +4.2%) is romping again after telling Fox's Charlie Gasparino that their Q3 looks "solid" and likely will beat Goldman's (GS) numbers. It's a vague reminder of the March 2009 rally which began with Citi's leak that its Q1 numbers would be great.
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Comments (2)
  • yoguh12
    , contributor
    Comments (76) | Send Message
    I dare any CEO to tell some analyst that their book looks ugly and that they will fall behind their competitors. If leaking numbers meant a rally was in store, then maybe the Fed's should put that in their toolbox for the future...maybe 2 years from now? so when the market is down, just call up one of the banks and tell them to leak a number out....


    this just in.....78! time for the market to rally!!!!
    5 Oct 2011, 07:35 PM Reply Like
  • Fourpenny Guy
    , contributor
    Comments (47) | Send Message
    How did MS circumvent the quiet period to speak about its earnings, let alone those of Goldman Sachs? That is both unethical and a clear attempt to manupulate the share price, which has fallen 50% since March. Gorman needs to stop his bs, or the firm is going to face lawsuits for fraud. People are getting weary of the desperate attempts of MS to save itself as hedge funds pull out, CDS skyrocket, and the firm refuses to admit European debt. Every rally in this stock occurs because of Europe. So, anyone who says the firm doesn't have exposure is a liar. So, MS, stop the bs.


    Here is an interesting site that discusses the accounting tricks MS uses to inflate earnings. The site Zero Hedge. Take a look, and again, whatever MS management says, take it with a grain of salt.
    6 Oct 2011, 12:48 AM Reply Like
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