since Morgan Stanley Research contains more complete information concerning the analyst's views
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the time frame for price targets included in Morgan Stanley Research is 12 to 18 months.
are available on the Morgan Stanley Wealth Management disclosure website at www.morganstanley.com/online/researchdisclosures. For Morgan Stanley specific disclosures
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research which has been prepared by any of its affiliates. RMB Morgan Stanley Proprietary Limited is a
which is wholly owned by FirstRand Limited. The information in Morgan Stanley Research is being disseminated by
we saw a lot of things we recognized in a 76-page Morgan Stanley paper on bank deleveraging and real estate.
including that Morgan Stanley constructed and
Morgan Stanley High Tech Index (up 2.6%) and The Interactive Week Internet Index (3.4%) all traded to the highest