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great entry opportunity for all financials here, MS in particular. Their earnings got hurt the most because they were the most honest and wrote down some of their loans. This is the only one of the brokers I'd invest in here.
You stole my thoughts!!!! I have been thinking same thing today,,and bought Jan. calls 70 bucks..$2.20. honesty will pay off..once the numbers are crunched.
That's right.... it wouldn't surprise me if the other brokers write-off their subprime/credit problems next quarter, while MS report strong earnings.
I agree..clean books when the SEC starts looking at them, compared to Bear and Lehman. Also, will be able to get deals in pipeline done with the liquidity now available.