And so it begins.
Everything was oh-so-rosy half an hour ago.
Then it all turned around quicker than you could say, “canIborrowthatstockplease.”
The DJIA is currently off just shy of one per cent, having utterly erased an early gain of close to 200 points.
Predictably, Morgan Stanley is being whacked - down 18 per cent.
Joining the beleaguered bank is General Motors. At one point down 20 per cent, and currently down 16 per cent at 5.76 a share. The price hasn’t been that low since 1952. There’s no specific news either. People just love to short GM.
