Morgan Stanley, Ok?

It looks like MS is off the "Death Watch" list. They came to an agreement with Mitsubishi last night and all looks well, or at least they're still in the game. I think this is actually a good sign for the market because they're one of the first firms to make it after being put on the "Death Watch" list(as opposed to Wachovia, AIG, Freddie and Fannie, etc.). Maybe I'm speaking to soon, only time will tell.


Overall, the markets gapped up pretty big this morning but keep in mind that it's a holiday and the move might not mean much if volume is light today. We've been overdue for a bounce and we're finally getting it, both in the stock markets and forex; now it's time to stay alert and look for good setups for entering the longer term trends. Good luck out there.

TLT

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