Morgan Stanley's 2Q Profit Dips 24 PercentWed 9:47AM ET - AP
Profit at embattled Wall Street brokerage Morgan Stanley fell 24 percent in the second quarter, the company announced Wednesday, due to difficult market conditions and higher legal expenses in connection with high-profile lawsuits.
*headline.....stocks higher, oil lower (no direct relationship can be proved) as the "headline writers" hypster dufuses" run out of TAGLINES.
BOND movement MOST telling, because Bill Gross says FED will begin LOWERING rates soon? Is that statement not self promoting his large bond portfolios? Or are BONDS hinting at economic slowdown.
Then WHAT is causing yields to stay near 40 yr lows?
Yesterday we had 5 yr at 3.83% and 10 year at 4.05% not MUCH of a premium for holding an extra 5 years.
I SMELL burning rubber!
Duratek
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