They're going to get a deal done, but they may end up paying a premium. These firms are finding an increasing portion of their bottom line attributed to trading and asset management.
More Quotes from Jack Ablin:
I would not expect investors and traders to make any big bets ahead of the number tomorrow. It clues us in on growth in the economy but also inflation.Jack Ablin
Fundamentally, I think the stock market is fairly valued, but there are a lot of issues around that are causing investor concern.
Jack Ablin
After looking at the employment numbers, there is no doubt in my mind that the measured language remains. Knowing what we know now, there's no pause in 2005.
Jack Ablin
We have some very ugly numbers. You can argue that the ISM is still backward looking, and maybe even the jobless claims, but eventually we're going to need some evidence that the economy is improving. We had a lot of enthusiasm coming from earnings, but the news today is a little bit of a slap in the face that we're not out of the woods yet.
Jack Ablin
Right now, we have this positive confluence of earnings and economic news that has been propelling the market.
Jack Ablin
I don't see any last-day-of-the-year rebound. I think it will be more of the same tomorrow.
Jack Ablin
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