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+--- Thread: Morgan Stanley going belly-up? (/thread-254.html)
Morgan Stanley going belly-up? - David Guyatt - 10-10-2008
Share price down 30% today. Looking very dangerous...
Morgan Stanley going belly-up? - Peter Lemkin - 10-10-2008
David Guyatt Wrote:Share price down 30% today. Looking very dangerous...
...more and more I hear progressive economic analysts say this is likely to be worse than the Depression of the '30's [will be by the end - not far off now]....and that is a rather dire situation indeed!....what will be left standing and who will still have a roof; food; means of survival; peace and security?! An enourmous number of pensions/retirement accounts are going down the drain now and will join persons like myself [who already lost all and will have to work until the day we die....].
....we do live in 'interesting times' and the greedy have really greased the wheels on this inevitable collapse and hastened it by a decade or two.....hang on...this is going to be a very rough ride and everyone in the middle and bottom will be hurt. Here in Europe people are getting nervous and thinking of taking money out of banks and buying gold, diamonds, etc..... Meanwhile, the rich are still making a fortune selling 'short' now and buying up banks, institutions and other things penny on the dollar.