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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Mike Johnston who wrote (75945)12/18/2006 8:41:15 AM
From: Paul Kern  Read Replies (2) of 110194
 
Either they are losing their minds, "smell" something coming this way or have some inside info regarding future government policy. My bet is, it is one of the last 2, they would not be doing this if they believed we are about to enter recession/deflation.

Or the big money is making the same mistakes it made in 1998-99 when the M&A frenzy was at its' last peak when no price was too high for assets until it was.

EDIT: Anyone here remember Time Warner paying $150.00 a share for AOL and the street hailing it as the smartest deal ever?
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