M&A activities can be a positive indicator for economic. When CEOs are optimistic about their company expectations they try to find ways to grow their business and acquiring another company is one solution. Today Simon properties made a hostile offer to buy General growth properties for $10billion. I thought that commercial real estate was was over, not according to Simon properties if they are investing $10 billion to grow their business.
This was one of the major news that drove the market higher today. If fears of a continue correction is done then i would be a buyer of technology, commodity, air lines, and mining stocks.
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