something that you wont see anywhere but is very telling of the current climate

EYE pulled its bid to take over BOL this afternoon...about 20 minutes ago

6 months ago this goes through. hell 2 months ago this goes through...i have no doubt in my mind that they couldnt get the financing for this deal

Warburg Pincus is now cleared to take over Bausch and Lomb

scary shit going on in the credit world...if a deal like this cant get done, what about the other deals that ran this market up?

no financing for LBOs
no financing for mortgages
no financing for cars

well not none, but much less and you have to be overqualified to get a dollar

good luck in the markets

Koaj,

Just think if the FED wasnt bombarding the market with money and keeping rates low..we would be in some SERIOUS SERIOUS trouble....

check bill gross' bolded comment at the bottom
of course the DJAI is up 200

To be honest I had no clue as to why EYE wanted BOL with all the troubles they (BOL) had..

I sold my high yield bond fund last week..

I find it interesting that Prime is over 8 while Fed Funds are 3 pts lower...

wall...EYE wanted BOL to avoid their own takeover

see MYL's buy of that german merck (not us merck)

same shit...adding a ton of debt to your books to make you no longer a takeover target...saving mgmt's jobs more or less

 I agree completely, but I will be sitting on the sidelines until the end of August I suspect. "Sell in May and go away" has always worked for me, but volatility does entice me to trade a bit, just for kicks.