The fuck out of here with these numbers. If you’re one of the morons buying MS in the pre-market due to their ‘earnings beat’, I hope that you soon find yourself tied to a gibbet, set to receive 1,000 lashes about the back and neck.
“The Fly” does not mess around when it comes to doling out punishment to those who heartily deserve it.
Year over year, the clowns at MS saw revenues stagger and then plunge, down 21% to $7.79 bill. Net income clown car crashed into a brick wall, off by 53% to $1.13 billion, or 55 cents per share.
The answer to these horrible times? Fire a bunch of fixed income guys of course. Morgan, like so many other investment banks, just want to get rid of those pesky traders, so that they can focus on wealth advisory. You know, offer some asshole 300% of his trailing 12, so that he can bring his asshole team over and manage his clients assets through ETF allocations, by which he’ll charge them 1% per annum for saying hi to them every 6 months.
“The first quarter was characterized by challenging market conditions and muted client activity,” Gorman said in the statement. “While we see some signs of market recovery, global uncertainties continue to weigh on investor activity.”
Wait until the market really drops and these banks are trying to dig themselves out of the quicksand filled with a bunch of incompetent advisors who are losing client assets hand over fist.
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Bozo, now that was a clown.
Agreed.
Bozo was THE clown. The bucket game. Pure genius.
Remember when the kid threw the ping pong ball and missed the last bucket?
He screamed ,”Shit”!
Bozo replied, “That’s a Bozo No No”.
The kid yelled, “Cram it Clown”!
The best of WGN.
And there was always so much pressure on the 6 bucket. The build up of the prizes from a balloon, a pack of gum, a model car…bucket 6 was always like a deluxe Erector set with working rocker or some such. To miss bucket 6…a crushing loss.