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Morgan Stanley's stock price plunged again Thursday. John Mack, the No. 2 U.S. investment bank's chief executive, has reached out to China's Citic Group overnight about a possible investment, according to a person familiar with the talks. Morgan Stanley is also considering a combination with retail bank Wachovia Corp.

The stock market, on a $100 billion ++ invesetment from the FED and other nulti-nation banks has rallied up more than 330 ++ points with 40 minutes left in trading.

Hopefully, the capitulation we saw in the last 3 days is our proverbial 'Rock bottom" and we can get started on the road to recovery

 
Posted by Mike McCulloch on 09/18/2008 02:16 PM   Comments (1)   Morgan Stanley in the ActiveRain Channel  
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Mike McCulloch

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