Morgan Stanley Stock (MS)

* Apropos to my “Not Broadening” column earlier today… As the financials go, so goes the market is the “old saying.” $JPM -$8 $C -$2 $SCHW -$5 $GS -$10 $MS -$4 Well, financials are truly stinking up the joint! Positions: None

“If trees could scream, would we be so cavalier about cutting them down? We might, if they screamed all the time, for no good reason.” – Jack Handey I thought quite a lot about the markets over the weekend and I revisited my mid-August column “But If, Baby, I’m The Bottom… You’re The Top!“ I concluded …

* Equity market participants are under-appreciating risks * We believe we are at or are approaching an important market top At words poetic, I’m so patheticThat I always have found it best,Instead of getting ’em off my chest,To let ’em rest unexpressed,I hate parading my serenadingAs I’ll probably miss a bar,But if this ditty is …

I made a mistake covering my Morgan Stanley ($MS) short. The hype surrounding the IPO market’s prospects, is, well, hype, in my view. See More Tales From Nvidia (Issue #219) today. Position: None

MS ($MS) is trading -$6.70 to $221.82 and I have covered the balance of my short position. Position: None.