This is probably the beginning or continuance of a wave of acquisitions in the exploration and production industry, ... These companies are flush with cash and have record highs on their stock values, which puts them in an excellent position to acquire additional reserves.
Newspapers will, no doubt, also ultimately settle into their own place as the bulk provider of low-cost advertising targets.
Just to show you how perverse the markets can be, the No. 1 investment over the past 15 months was a product that is given away for free at virtually every restaurant in the world.
Biotech is one of the best groups to trade on a seasonal basis because the stocks tend to trade up in advance of or during conferences.
