Media Updates, page-194

On another note, interesting transaction in the US just announced
IBM is buying red hat for 190 dollars all cash deal. Red hat closed fri at 116
IBMs biggest transaction ever!
I mention this for a few reasons
1- Oct mercifully about over
2- All companies that have reported can go back to their share buybacks as. they are discontinued before earnings. That helps support prices.
3- 70 percent of all S and p 500 cos are in correction mode or revalued.

Obviously just thinking out loud, but would expect to see many transactions like the IBM one in the coming months which always propels the market.

Good companies with good fundamentals on sale are always a temptation for retail buyers, institutions who are rebalancing, are companies looking to grow through acquisitions.

A2 certainly fits the mold for either 3 options in my view.
Didn't own red hat.....unfortunately