Wednesday, September 21, 2005

Rita Subdues Market Post-Greenspan

Rita has the market on puppet strings.

Investors woke up to more dismal news today, as Texans prepare for a Category 5 storm.

No need to get our face wet in this mess.

As we suggested yesterday, it may be best to sit this one out.

We've got our Proctor & Gamble and JNJ orders filled, so it's time to shut off the CNBC and hit the beach once this brutally long Morgan Stanley conference call wraps up.

The investment bank took a huge charge and reported an 83% drop in profits from the same period year ago.

No need to be anywhere near that stock.

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