I think there was also a bit of a selldown a few weeks ago when...

I think there was also a bit of a selldown a few weeks ago when the markets had been quite bullish, and people (me) expected a pullback and exited risk stocks. The pullback was mild, but if there is a setiment of potential pullback and all of us lemmings are doing the same thing and selling, then it can affect SP. Copper stocks, in particular, might have suffered from this phenomenon/practice, because they're the first to soar in bullish times, and can get stung in bearish times.

I still don't think OZL is looking bearish. I think there's some settlement issue to work through, though, by the market, when assessing the changes.