Morgan Stanley ( MS ) ( GS ) Goldman Sachs 10/10/08

Morgan Stanley ( MS ) and Goldman Sachs ( GS ) are tanking this morning causing stocks to fall even further.

Dow Jones futures are at 8350 ....down another 250ish points so far this morning.

All eyes will be on trading today....If we tank and close positive...a strong case for the bottom will be made. Also, something could come out of the g-7 meeting this weekend.

MS, WB - Merger? Morgan Stanley & Wachovia in talk to Merge

CNBC is reporting that Morgan Stanley ( MS ) and Wachovia ( WB ) are in early talks in what could be a possible merger.....both stocks are rising afterhours and so are market futures.

Stay Tuned..........