Morgan Stanley on Death Watch

The markets are nuts today which is not much of a surprise. Dylan Radigan declared that all the indicators are broken on Fast Money yesterday which has to be some kind of indicator in and of itself.

To top things off, Morgan Stanley is latest on the death watch list. Still plenty of time to short this one if your up for a little extra risk. There's always someone who owns s a stock like this and asks after the fact how they could have avoided the situation of owning a stock that is going or about to go under. My answer is to take a good look at the above chart. If you ever own a stock and its chart looks like that, sell it! Either sell it or be willing to take the hit when in gets taken over for $1-$2 a share. Good luck out there.

TLT