A diary of the thought process behind my investment decisions
There are some negative factors that argue for a sloppy market, not the least of which is the meltdown in financial stocks that is spreading around the world. However, I believe the following three factors will put a floor under the market in the near term:
The Berkshire takeover of Burlington Northern.
The impending closing of Merck/Schering Plough. They are still waiting on Chinese approval.