Banter and general comments, page-26842

Dow and S@P has been down 4 days in a row and the way SS and co work tonight we got the Nasdaq being lifted by Nvidia which may float the whole market a little but won’t burst to the upside.If the overall US market doesn’t bounce tonight on any news re the debt ceiling I think they shuffle the ASX into the weekend without any significant upside and then news will come Friday night leading into a U.S. market lift and then turning the debt ceiling into a weekend event. US gets the benefits and ASX gets to kick off next week of a lower base trying to catch up as per the norm. SQM and Albemarle not far off their 52 week lows and due for a turnaround along with many other lithium stocks and the comparisons of MC valuations and PE’s leave Oz lithium miners very much undervalued. A poster mentioned over on the PLS thread said there was an article out suggesting they would acquire CXO and I wonder if it could be true and it may be something more like the Newmont/ Newcrest deal. How would everyone feel about something like 1 PLS for every 5 CXO share? At current MC valuation it would be 1:7 however that would never be accepted 1:5 or 1:4 maybe.