News Cameras Camped Outside Morgan Stanley
At this point, the names Morgan Stanley and Goldman Sachs have become the focal point of conversation. Walking by the news van on my way to get coffee was yet another reminder that the situation that has everyone nervous is still the same, and that the Maginot Line drawn by the government by backing AIG may, simply be circumvented in much the same way that the Germans avoided the French defensive position.
Another day in the markets, and another day of seeing if the end is in sight. Only time will tell.
No Position Morgan or Goldman
I can’t wait until the news vans are parked outside the Goldman Sachs building. 🙂
Just the fact that GS dipped below $90 and Sirius spiked above a buck for the first time in awhile makes me smile.
Not saying that Sirius is thru the woods yet…but seeing them move up while GS goes down…priceless. 🙂
It might happen. Maybe not this week or the next but at some point the chickens all come home to roost.
Ridiculous recovery by GS today, seting up for a big fall friday and into weekend hopefully. Once MS buys a bank and drops, then GS will be a sitting target.
I hope Sirius can stay above $1 now…then slowly build until BAM! Mel comes out with a great refinance deal. Who knows, if Paulson comes out with that new liquidity plan to save the credit market…we just may get a break finally.
Aren’t you glad Mel didn’t RUSH and make an ugly refinance deal like some were suggesting he do?
I can’t believe this dam stock could not hold $ 1.00.
yeah…i was bummed about that too. but i DO like the upward trend i am seeing with sirius.
matybe its partly due to the naked short selling rule FINALLY being enforced…but it sure is doubly sweet to see Goldman in the hot seat now. Karma is a bitch.
Heres an excerpt from a Forbes article today about Goldman crying foul…it’s friggin priceless:
“In the last month, Goldman Sachs has finally fallen prey to the same market games and piling on that have felled its competitors. After peaking above 250 in October 2007, GS pierced 100 on Wednesday and dipped into the mid-80s on Thursday. In a New York minute, Goldman CEO Lloyd Blankfein had a “chat” with SEC Chairman Christopher Cox saying that the run on its stock was “totally irrational.” Does that mean the runs on the other investment banks were rational? I don’t think so. But the shoe is now on the other foot. So guess what? Goldman is squealing like a stuck watermelon (we can’t say pig, with or without lipstick). Well, yes, thanks a lot. Naked shorting was one of the exact problems with Sirius Satellite Radio (nasdaq: SIRI – news – people ). Once the news of these actions against naked shorting was announced midday Wednesday, Sirius took off like a rocket.”
A have been reading stuff on the Yahoo message boards about Donald Trump maybe lending the money to Sirius, this seems bogus to me. Did anyone else hear anything about this?