Wednesday, October 05, 2011

Morgan Stanley at the brink...

Me? I think they've done the responsible thing and their net position, vis-a-vis French banks specifically and the larger picture in general, is stronger than people think.


It looks like a piece of toast to me.
That's what they'll be if I'm wrong.
It also looks like a puppy.
I think it looks like one of those condom vending machines you find in men's rooms.
Yes. Certainly that.
Or a bunny.


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