Mid day update

Good morning! I'm currently waiting for my 10 o clock class and decided to post. Markets are mostly flat as of right now. The Dow is up 20 or so, s&p down 1.5 and the NASDAQ down about 16 points. No big news from Europe as of now.

Apple is only down 3.8% after being down 6.68% AH.
Morgan Stanley reported good earnings on increased trading revenues, which is interesting considering JPM and GS both reported losses. Anyway, good for MS! Although as I reported on Goldman yesterday, stricter regulations have been placed on proprietary trading in the financial institutions. I will have to research this more to see exactly how MS managed to remain surprisingly profitable given JPM and GS weren't.

In other financial news, Citigroup is being made to pay $285 million to settle charges that it misled investors about a $1 billion CDO holding toxic mortgage related debt. The bank bet against this CDO yet encouraged investors to invest in it. Good to see the SEC taking action.

For now, that is it. I'll leave with you with this not so friendly looking chart.

Cheers,
EZ