green day, page-14

now if merrill lynch has sold out, they had over 7% i think. we cant help it when investment banks sell out to cover their CDO losses. Thats the way life is going atm.

I do agree the bottom is in sight for all markets:
1) Merrill lynch actually got rid off the cdo at 22cents per dollar. That sets a benchmark for selling cdos in my opinion.
2) Nice to see the FED extending the emergency borrowing til Jan 2009.
3) ADP report was actually better than expected but then ADP has been bit dodgy. (hoping friday would bring a number less than 70000). A massive rally will happen if thats the case.
4) gasoline data showed a drop which meant the consumers are still going fairly well.
5) profits for the second quarter has been very good compare to estimation.
6) short selling extended til 12 aug in US.

As for OZL lol if they dont go up then u will know that institutions are still selling them. Wont stop falling til they have finished. Teck cominco went up 13% but then they have coal. They are the most similar company to ozl.