On September 5, I mentioned Goldman Sachs (GS, $157.00, down $4.67) had downgraded Merrill Lynch (MER, $22.75, down $2.01) to a “sell” rating on concerns of more write-downs. Merrill Lynch is down another 8% this morning and our put positions are gaining momentum. The 52-week low for Merrill is $22.00Read more

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