• Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.
  • Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.

MS CDS Soars As Cramer Says "Morgan Stanley Is Fine"

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Mon, 10/03/2011 - 10:11 | 1732913 GeneMarchbanks
GeneMarchbanks's picture

Next stop 1400! I hope they choke on their own puke, but that's just me...

Mon, 10/03/2011 - 10:37 | 1733027 Imminent Crucible
Imminent Crucible's picture

Would this be the same Jim Cramer that said "Your money is safe in Bear Stearns"?

A Cramer endorsement is now the kiss of death.

Mon, 10/03/2011 - 10:44 | 1733062 Don Birnam
Don Birnam's picture

As an aside, the body language interplay between Melissa Lee and Craymo can be at times rather amusing. If the camera is too quick, a once-in-a-while scowl can be evident, as well as the "Anchor Booth Lean" away from Jimmy when he is seated next to her; particularly during one of his rambling, spittle-specked rants.

Mon, 10/03/2011 - 13:27 | 1733615 strannick
strannick's picture

Crammer's reverse alchemy working its wizardry once again, and his 'such and such is fine' pronouncements with table banging -ala Bear Stearns- rings in certain doom. The only comparably, uncannily accurate contra-indicator analysis, is from Nadler on gold.

Ask not for whom Crammer's gong show tolls Morgan Stanley, it tolls for thee

Mon, 10/03/2011 - 14:12 | 1733928 sgt_doom
sgt_doom's picture

I heard Cramer's also bullish on Italian banks:

http://www.bloomberg.com/news/2011-09-30/morgan-stanley-seen-as-risky-as-italian-banks-in-swaps-market.html

Morgan Stanley (MS), which owns the world’s largest retail brokerage, is being priced in the credit- default swaps market as less creditworthy than most U.S., U.K. and French banks and as risky as Italy’s biggest lenders.

http://wearethe99percent.tumblr.com/

 

Mon, 10/03/2011 - 10:11 | 1732914 Manthong
Manthong's picture

Does that mean they are a take over candidate for JPM?

Mon, 10/03/2011 - 10:12 | 1732920 GeneMarchbanks
GeneMarchbanks's picture

si

Mon, 10/03/2011 - 10:20 | 1732965 DeadFred
DeadFred's picture

One bank to rule them all, and in the darkness bind them

Mon, 10/03/2011 - 10:37 | 1733035 theXman
theXman's picture

With John Mack gone, Morgan Stanley will survive this time. He probably sensed that end was near and it was going to be even a bigger challenge than 2008, so he bailed out the sinking ship. 

Mon, 10/03/2011 - 11:37 | 1733204 FMR Bankster
FMR Bankster's picture

History shows a wharf rat can't scurry off a sinking ship faster than a CEO can get out of a collapsing company.

Mon, 10/03/2011 - 10:11 | 1732916 Quinvarius
Quinvarius's picture

He probably got paid a lot to say that.  Sometimes he gives honest thought to what he says.  Other times he is obviously being paid to schill. 

Mon, 10/03/2011 - 10:17 | 1732945 maxmad
maxmad's picture

Or he just says what the Elites want him too? 

Mon, 10/03/2011 - 10:38 | 1733037 Quinvarius
Quinvarius's picture

Yeah.  He has to pay his dues sometimes.  The elite will cash out his credibility like a piggy bank.  Gain trust.  Spend trust.  Find more trust.  Spend that trust.  It is the cycle of Wall Street fraud.  Kind of like Bush spending his "political capital" to further ruin the nation until it was all gone.

Mon, 10/03/2011 - 10:22 | 1732976 DeadFred
DeadFred's picture

His charitable foundation likely just got a big donation. Maybe his private account as well.

Mon, 10/03/2011 - 10:13 | 1732925 Blorf
Blorf's picture

Kodak is fine.  They are up 70% today!

Mon, 10/03/2011 - 10:18 | 1732956 maxmad
maxmad's picture

Yep because I know alot of people who want outdated instant print Kodak cameras for Christmas!

Mon, 10/03/2011 - 10:14 | 1732926 DaveyJones
DaveyJones's picture

"fine" is one of those meaningless words that can mean I just won the lottery or I'm about to commit suicide.

Mon, 10/03/2011 - 10:46 | 1733067 Spastica Rex
Spastica Rex's picture

Yeah, I feel fine most every day now.

Mon, 10/03/2011 - 16:42 | 1734500 DaveyJones
DaveyJones's picture

It is also very close to the word fineD which we will all be soon so they can avoid the word TAX. See camera tickets and other things 

Mon, 10/03/2011 - 10:14 | 1732932 SwingForce
SwingForce's picture

Q: Could you be wrong?

A: Have I ever been right? It could happen.

Q: Past performance is not indicative of future results. 

A: Thank goodness for that.

He's an ugly cheerleader...

 

Mon, 10/03/2011 - 10:15 | 1732933 duckhook
duckhook's picture

I have no idea about MS insolvency and neither does Mr Cramer.If MS really wants to dispell these rumors.it should release details about how much and what sovereign debt they own   and detalied lists of their hedges with amounts ,making sure to list the counterparties.If they trully have  hedges with solid counterparties ,then they are ok and Mr Cramer is correct 

Mon, 10/03/2011 - 10:24 | 1732987 mfoste1
mfoste1's picture

I think I can help you with your dilemma regarding MS solvency......THEY WILL BE INSOLVENT WHEN GREECE DEFAULTS....hope this helped.

Mon, 10/03/2011 - 14:13 | 1733932 sgt_doom
sgt_doom's picture

Thank you, mfoste1, thank you....

Mon, 10/03/2011 - 10:15 | 1732934 Outlaw Of The W...
Outlaw Of The Wasteland's picture

the jew is in the "market".  As always.

Mon, 10/03/2011 - 20:24 | 1735250 theotheri
theotheri's picture

Tyler Hedge Hog.  You fucking cunt.  How can you allow this racist crap on your site>>>>>>>???????!!!!!!

Have you no conscience you god damn ignorant fool?????

Mon, 10/03/2011 - 10:16 | 1732937 Stoploss
Stoploss's picture

LOLOLOL!!!! FAMOUS LAST WORDS LOLOL!!!

Mon, 10/03/2011 - 10:17 | 1732944 Sizzurp
Sizzurp's picture

He said Bear Stearns would be fine as well.........ooops.

Mon, 10/03/2011 - 10:17 | 1732951 Fish Gone Bad
Fish Gone Bad's picture

Fuck Cramer

Mon, 10/03/2011 - 10:18 | 1732953 oogs66
oogs66's picture

the bond market is far less liquid :D  too funny!

Mon, 10/03/2011 - 10:19 | 1732960 RobotTrader
RobotTrader's picture

MS stock acting terrible today.

No bounces at all.

Mon, 10/03/2011 - 10:20 | 1732964 doomandbloom
doomandbloom's picture

How does one differentiate between 'investing' , 'speculating' and 'gambling'?

Investment banks are not just 'market makers' ( a term which implies that they are middlemen, which i believe at some point technology will do this job), their role is to invest and make money.

My question is...why do we have to make money? why do we need to work?

Mon, 10/03/2011 - 10:38 | 1733038 Debugas
Debugas's picture

'investing' is when you buy stocks for long to let the company to upgrade its productive capacity (upgrade machinery or optimize activities etc)

'speculating' is when you trade on inside information you get from your buddies-insiders

'gambling' is when you trade without proper information whatsoever

Mon, 10/03/2011 - 10:48 | 1733072 doomandbloom
doomandbloom's picture

Can one invest on a horse race?

There is enough information available about owners, previous races, capability, breed, etc

Mon, 10/03/2011 - 11:48 | 1733270 batterycharged
batterycharged's picture

"investing" is what most people THINK they are doing with their 401k .

"speculating" is what insiders are doing contrary to most people's 401K

and "gambling" is REALLY what most people are doing with their 401K.

Mon, 10/03/2011 - 14:17 | 1733939 sgt_doom
sgt_doom's picture

In truth, it's all about ultra-leveraged speculation and financial manipulation, thanks to all those naked swaps, often referred to as "unregulated insurance" -- 'cause if they were regulated, it would illegal.  (Why does everything so obvious always have to be stated???)

And since they've peddled trillions (actually, hundreds of trillions) of dollars of worthless credit derivatives, which they use as a base to do ultra-leveraging including naked swaps attacks, then it really would be correct to describe it as simply rigged, insider financial manipulation.

Over three years without mark-to-market,......

bye, bye MS.....

Mon, 10/03/2011 - 10:21 | 1732974 Homerpalooza
Homerpalooza's picture

What was the vol on the MS CDS?

Mon, 10/03/2011 - 10:27 | 1732996 bankerboy
bankerboy's picture

why don't u look it up yourself...

Mon, 10/03/2011 - 10:40 | 1733050 Homerpalooza
Homerpalooza's picture

Good answer. I rest my case.

Mon, 10/03/2011 - 10:23 | 1732982 Gordon Marock
Gordon Marock's picture

I recall a famous line from 'Evil Dead II' where the protagonist, Ash, is reassuring himself that he is 'fine,' and a voice from the void replies 'You just cut off your girlfriend's head with a chainsaw. Does that sound 'fine' to you???'

Mon, 10/03/2011 - 10:35 | 1733025 Debugas
Debugas's picture

if you want to do big money - listen to Jim Cramer and DO THE OPPOSIT of what he advises to do

Mon, 10/03/2011 - 10:39 | 1733043 buzzsaw99
buzzsaw99's picture

death knell for margin stanley?

Mon, 10/03/2011 - 10:40 | 1733047 oogs66
oogs66's picture

i bet within a week, everyone is talking about MS's exposure to China being a problem, though ZH put it up first

Mon, 10/03/2011 - 10:45 | 1733065 The Big Ching-aso
The Big Ching-aso's picture

It was Cramer I believe that coined the term, The Greater Fool.     However if you consistently follow his advice you ultimately tend to become, The Greatest Fool. 

At least he's consistent.

 

 

Mon, 10/03/2011 - 11:07 | 1733109 GrinandBearit
GrinandBearit's picture

Asshat Cramer also told people not to sell Bear Stearns stock in March 2008.

I have faded him many times throughout the last 4 years and I've done very well.

Mon, 10/03/2011 - 11:15 | 1733129 OCTOPVS
OCTOPVS's picture

BankerBpy what bank do you work for that you access to all of that jazz....CDS on morgan would be a great way for big players to hedge against a big long position....remember CDS is cna be used as a form of insurance.

Mon, 10/03/2011 - 11:17 | 1733136 azzhatter
azzhatter's picture

jimmy "cunt" cramer makin' the big call. What a piece of shit this clown is

Mon, 10/03/2011 - 11:50 | 1733281 batterycharged
batterycharged's picture

You can just say Bear Sterns, or you can Google "jim cramer housing bottom". It's quite funny.

Mon, 10/03/2011 - 12:04 | 1733337 Anarchus
Anarchus's picture

In the financial crisis of 2011, Morgan Stanley isn't playing the role of Morgan Stanley in 2008, it's in a death-spiral competition with BofA for playing the role that Lehman played in 2008:  the major collapse that (almost) sank the other ships.

In 3Q 2007, Countrywide was poised to star in the role before BofA stepped in with its initial $2 bil. investment and then in 1Q 2008 Bear Stearns thought it had the lead nailed down until Jamie Dimon and JP Morgan stepped in at the last moment . . . . . . . . . then Lehman turned out to be friendless in mid-Sept 2008 and the tidal wave rolled in.

Keep your eye on MS and remember the USS Lehman Bros.  This October, I think MS is even more the coal mine canary than BofA.

Mon, 10/03/2011 - 12:04 | 1733341 MGA_1
MGA_1's picture

Too Big Too Fail - the fed will come to the rescue if necessary.

Mon, 10/03/2011 - 12:22 | 1733424 Hephasteus
Hephasteus's picture

I guess the lesson here is don't fight the silver liberation army. You'll get knocked the fuck out.

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