With the DOW currently above 11,100, a turn around in the stock market doesn't seem quite as imminent as it once did. Merrill Lynch just reduced their CDO exposure by $11.1 billion after the market close today. However, as a Merrill Lynch shareholder, you've just been diluted by 20%. Also, even though the Sirius/XM merger has now been approved, shareholders of both companies aren't exactly feeling like winners. Even Jim Cramer isn't touching the common stock. We're going to need a bigger catalyst than another short squeeze if the next rally is going amount to anything, and it seems like it's going to be a long time before we get one.