So now that the short sellers are back, I am sure the finger pointing will find its ground. Losers point fingers. Winners understand the concept of accountability. Morgan Stanley is on the tape at the close here "reclassifying $3.9B in debt to level 3 from level 2"... Huh?... We held a dinner the other night with Yale students who had free reign in the Q&A. One of the questions was un-answerable - "what exactly is a level 3 asset worth?"
- I have a $9.03/share immediate term target on MS.
KM
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