Morgan Stanley (MS -7.4%) "appears to be in the midst of a quarter-end spiral and the momentum...

|About: Morgan Stanley (MS)|By:, SA News Editor

Morgan Stanley (MS -7.4%) "appears to be in the midst of a quarter-end spiral and the momentum appears to be feeding on itself," says risk manager Steve Sosnick, as it hits fresh 52-week lows today and leads financials to the downside. The market is in a “shoot first and ask questions later frame of mind,” Sosnick says, and Morgan Stanley is a victim of that.