Morgan Stanley is not on the verge of collapse. But you wouldn't know that from the way nervous investors are acting.
Shares of Morgan Stanley (MS, Fortune 500) plunged more than 10% on Friday. That capped off a chaotic week in which the stock fell 5% Wednesday and bounced back more than 6.5% the following day.
Investors are worried about what exposure Morgan Stanley may have to sovereign debt of Greece and other so-called peripheral nations in Europe.
Specifically, there are fears that Morgan Stanley could suffer big collateral damage due to its exposure to French banks that have big ties to Greece and the rest of the PIIGS.
Morgan Stanley's stock has yo-yoed for the past few weeks due to the concerns about Europe. Shares attempted a comeback on Monday, gaining as much as 4% in the morning before pulling back as the day wore on. Shares were down 6% in mid-afternoon trading.
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