Think they set the bar rather low for MS tomorrow for earnings in pre-market.
"It won't take a lot to please the Street: consensus is for a 53% decline in profits and a 28% drop in revenues. If Morgan doesn't announce unexpected writedowns or give disappointing guidance, the markets should be good to go."
53% DECLINE in profits and 28% DROP in revenues a reason for markets good to go?????????????? What is wrong with this picture?
BTW, I shorted some UYG close to 30. I was a wee bit early, but I can always average in. Also bought some DIA puts at various prices, last ones 3.05. +DAWPS
Lexi
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