is acquisition of wpl by bhp now more likely?, page-15

I think that whilst the US Fed keep printing money and keep interest rates low, the markets will go up. If poor economic data and an shocker Italian election can't bring on the long awaited and anticipated correction, what can? The Dow badly wants to hit and pass that high of 14162. I think it will be next week if job data is average or better i.e. 160,000+!

WPL proved this notion recently by testing new support at $36.20. It's done well to hold this level and even move up off it after dividend and other impetus. By May, we should be looking at circa $43. There's a very strong will for markets to move north (rightly or wrongly) and that will drag WPL with it. Oil will move up now too as demands picks up in Europe and the US due to winter ending and Spring appearing.