Morgan Stanley (MS) CEO Sends Memo To Employees

September 17, 2008 2:58 PM EDT
Morgan Stanley's (NYSE: MS) CEO John Mack sent a memo to employees saying that the market is right now "controlled by fear and rumor."

Additionally, Morgan Stanley's CEO said "short sellers driving our stock down."

Morgan Stanley is currently trading down 31% to $19.70 on 10 times normal volume.

Morgan Stanley is a global financial services firm.
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