A diary of the thought process behind my investment decisions
Was it a coincidence that the market took off exactly when it was announced that Sanofi is making a nearly $20 billion bid for Genzyme? Was the rally really about the stress test? There are not many things more bullish than large cash takeovers. They put cash in the hands of stockholders who for the most part turn around and put that cash right back in the market. Have a great weekend.