Markets took off first thing this morning and didn't let up all day. What's all the optimism about? Mergers and buyouts. HCA is being bought out in one of the biggest. Several other mergers hit the news. Merger news is BIG news for Wall Street. It means business execs are optimistic about the future economy and the current pricing of companies. The fact that this big event occurred in the health care industry is great news. Along with this, the poor downtrodden big pharma stocks witnessed upticks today. Merck was the big winner on the day, but the entire group benefitted. Oil is still front and center, but you may want to try a cheaper substitute in your car!
Independent, Fee-Only Financial Advisor
Monday, July 24, 2006
Out of the Shoot with a Bang!
Markets took off first thing this morning and didn't let up all day. What's all the optimism about? Mergers and buyouts. HCA is being bought out in one of the biggest. Several other mergers hit the news. Merger news is BIG news for Wall Street. It means business execs are optimistic about the future economy and the current pricing of companies. The fact that this big event occurred in the health care industry is great news. Along with this, the poor downtrodden big pharma stocks witnessed upticks today. Merck was the big winner on the day, but the entire group benefitted. Oil is still front and center, but you may want to try a cheaper substitute in your car!
