Morgan Stanley Now Down 5%


We mentioned this earlier: While markets are surging, the big i-banks are getting smacked.

And that’s actually getting more pronounced right now.

Stocks are fairly close to their highs of the day, with the Dow up 150.

And Morgan Stanley is off about 5%.

On theory we have is that people are shorting the banks as a proxy because shorting European banks isn’t allowed right now.