Thursday, September 20, 2007

Morgan Stanley recruiting.......

Yesterday in the Wall Street Journal there was an ad by Morgan Stanley looking to recruit some more salesmen to their stockbroker ranks.

Think there's any relationship to the loss of over $480,000,000 of Morgan Stanley shareholder assets by their quantitative stock trading strategies unit in the last 90 days? Just kidding on the relationship, it takes time to generate that kind of loss by a retail broker pitching the latest product de jour that emanates from their marketing department that has nothing to do with making clients money and everything to do with generating flow, commissions and hidden fees.

Mr. Mack has enough skeletons in his closet with the SEC and Pequot. How that story has been hushed is enough for a book.

Wall Street wants your money folks..........invest with them at your own risk.

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