MONDAY ON WALL ST.: JITTERS RATHER THAN MERGERS
On Wall Street today is usually known as “Meger Monday”. Not today. Things are very different today because last week closed out as the worst week in the past 5 years!
“For several years, the size and volume of deals announced at the start of the week set the tone and pace for the global financial markets for the next five days, more often than not sparking rallies that sent shares to new highs. But given the rout in the markets last week, “Merger Monday,” as the day is known, may be on hold — indefinitely.”
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