In Case You Haven't Noticed, the Protesters are Winning

Not that many Occupy Wall Street participants are actively checking their stock quotes or anything but it appears that they are actually winning.  Today two of the last remaining Wall Street giants are getting the Gulliver in Lilliput treatment as their stock prices are tied down and speared to death in a classic sell-first-ask-questions-later hellstorm in the equity markets.

No one trusts Morgan Stanley (now majority owner of Smith Barney) and Bank of America (Merrill Lynch) may actually be better off dead than alive if you were to read The Street’s consensus opinion into it’s unimaginable share slide down to the sub-$6 level.  In the meantime, Credit Suisse is out with a report predicting a massive loss for Goldman Sachs this quarter and UBS is still running around like a Swiss chicken with its head cut off in the wake of the $2 billion “unexpected” trading loss and the CEO’s departure.

In other words, the stock market is also saying “F&%# Old School Wall Street”, not in solidarity with the protest but certainty in synchronicity.

Here’s a look at Bank of America and Morgan Stanley over the last 5 days…

You wanted Wall Street to feel the pain?  You got it.

 

 

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers

Please see disclosures here.

What's been said:

Discussions found on the web
  1. Bitcoin Era Review commented on Sep 21

    … [Trackback]

    […] Find More Information here on that Topic: thereformedbroker.com/2011/10/03/in-case-you-havent-noticed-the-protesters-are-winning/ […]

  2. w88 commented on Sep 21

    … [Trackback]

    […] Read More Info here on that Topic: thereformedbroker.com/2011/10/03/in-case-you-havent-noticed-the-protesters-are-winning/ […]

  3. fake watches commented on Dec 17

    … [Trackback]

    […] Information to that Topic: thereformedbroker.com/2011/10/03/in-case-you-havent-noticed-the-protesters-are-winning/ […]

  4. replica watch commented on Dec 29

    … [Trackback]

    […] Find More Information here on that Topic: thereformedbroker.com/2011/10/03/in-case-you-havent-noticed-the-protesters-are-winning/ […]