ABG

When Hedgies Attack: Morgan Stanley Drops 40% on Rumors

Solid companies, with strong balance sheets, who have not given away shareholder value, for years, to overpaid executives, might go down marginally, if the rumors were placed smartly enough, but would quickly spring back. Rumor factories cannot bring down a well-capitalized bank, but can destroy banks which are lying about the value of their assets. Frankly speaking, if a company can be destroyed by mere rumor, it is not a viable company, and should be disbanded.