Perma bull - Dick Bove throws in the towel. Expect capitulation tomorrow. Stock price low 9.98 and then it shoots up to 18 and then if price is supported it would be 25 within a week. MS has to survive this weekend and that they will!!
Just wanted to add - Book value is 31 and change. 0.8 times book would be around 25-26 which is the fair value of MS. It seems there are too much pressures on this stock (not company) for tomorrow - market sentiment, MUFJ capital infusement and 400B default auction of LEH debt.
Underlying strengths/positives - Feds have realised that by letting LEH go under, they have created another credit mistrust situation and the Fed will act to rectify it this time around. Also, I see a major Fed/govt intervention that would pull us out of this!!
Most of the downhill action on the roller-coaster has been riden out, wait for the move back up to sanity!!