Saturday, October 11, 2008

If You See Warren Buffett

Please ask him to call me. I'm a little confused.

Morgan Stanley trades like it's in trouble despite their protestations. The stock lost 59% of its value this week.

Bloomberg today writes, quoting rating service Egan Jones, that Morgan Stanley needs $60 billion in a hurry. If Morgan just went from being OK to needing $60 billion in a week, could Goldman Sachs be far behind? That's obviously a rhetorical question because anything that anyone seems to know today could be off the table tomorrow. We need a fast forward button.

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