Unbelievably strong market. There was definitely a catch-up. |
Undoubtedly, this is probably the long awaited sweetening of the deal. My guess is that it's less than what some of the (arbitragers) might want, but it's effective enough to get the board of directors of Placer on side. |
Unfortunately, it's a fact of life that when you have a review, investors tend to penalize the stock. |
We knew the ending of the movie before it even started. |
We will probably get a better opening to the market. The resource stocks and gold stocks are better today. |
What everybody was hoping would be a temporary situation may well be a protracted legal affair. That has provided the opportunity to this market, which was already nervous, to look at the worst case scenario: weeks of uncertainty. |
You would think the overall market should be stronger, but the reason it isn't is because the heavier weight groups (financial services) are weighing down the market. |