Stating..."While the third quarter could be a tough one given the beat down in global equity markets, wider credit spreads, lower oil prices and seasonality in underwriting, it ain't over yet as the bright side to the recent pick up in volatility has been higher trading volumes in fixed income and equities and even retail got a boost in what is typically...the slowest summer month," Schorr wrote."
Doesn't sit well for MS investors such as myself. I have these other holdings such as CSCO and am thoroughly disgusted with MS analyst downgrade today. No respect for this dude whatsoever and MS has got him on the payroll?
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