The thing that is bugging me is that the Macro signs have been...

The thing that is bugging me is that the Macro signs have been evident over the past two weeks, I do agree macro is playing a role, but cannot ignore the other aspect of macro which is all the M&A activity and price action on LTR which has double in price since the TO and is doing exceptionally well today. The market is now speaking and saying LTR is not going to be giving away for at least twice the original offer and they have now set a precedent for others to follow. Questions is, who is next on the TO list, CXO, AGY, SYA, or perhaps CXO is contemplating acquiring CHR before it gets ahead of itself in terms of SP. Lots going on, very exciting times ahead.