The world prior to that legislation was tepid compared to the enormity, velocity and scope of the deals in telecommunications that we've seen since then.
If in fact there's a higher demand for deals, you'll be paying retail instead of wholesale. And if the market gets a little fluffy, you will see questionable deals as well.
You could be approaching $80 billion in announced deals for this month.
The catalyst for deals is generally rising corporate profits, ... We should have rising activity next year.