Morgan Stanley leads decline, RBS strategist warns of market crash.

Trading finished off worst levels, but still an ugly day on Wall Street.

Jun. 18 - Wall Street lost ground early Wednesday as a weak profit outlook from FedEx and a sharp earnings slide at Morgan Stanley reignited profit worries.

Goldman Sachs posts 10% profit loss but beats estimates; analysts project Morgan Stanley, reporting tomorrow, will show 59% drop; US housing starts fall to 17-year low.(June 17)

TheStreet.com's Laurie Kulikowski discusses how Morgan Stanley's blow-out results fit in with other banks' less impressive earnings.