30 Jul 2008
The launchpad for this week's recovery in financial sector shares was another huge $5.7 billion writedown from Merrill Lynch (MER.N: Quote, Profile, Research, Stock Buzz), which was swiftly followed by what is fast becoming Wall Street's motto in the year-long credit crisis: the worst is over.
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Also read:
Merrill Zigzag Makes Investors Uncomfortably Numb: Mark Gilbert
