A diary of the thought process behind my investment decisions
A looming positive for the market is the closing of the Merck/Schering Plough deal. The deal has an $18 bilion cash component and should give the market a small boost. China is the only country that has not given them an approval. They do a miniscule amount of business in China and there is no reason they should be holding them up. But they are China so they can do what they want. Get used to it.