Does Increased M&A = Potential Market Top ?

FT: When investors are complacent, stupid deals happen

Source: FT



Last week, I pointed out some statistical errors in a chart suggesting that Rupert Murdoch’s bid for Time Warner was a sign of the market’s top. The chart had enough omissions to render it useless.

Today, I want to show you a (slightly) better version of the same idea.  Continues here



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