A diary of the thought process behind my investment decisions
Now Thats Bullish
Potash has rejected a nearly $40 billion cash bid from BHP Billiton. A cash deal that large would be bullish for markets. A nearly $20 billion Genzyme transaction is on hold as Sanofi's management cannot be bothered to negotiate during their month long vacation. Talks will resume in September and I believe a deal will eventually get done. If both these deals go through it is difficult for me to see much downside.