Buoyant markets will now trigger a deal frenzy

One of Wall Street's greatest seers says equity markets have some way to go and an M&A boom comes next.

Despite a shocking 2.9% setback in first quarter Gross Domestic Product (quarterly decline at annualised rate), the extent of which was forecast by no-one, and despite a substantial decline in NIPA (US national income and product accounts) corporate earnings, the market has climbed slowly but steadily in recent months.

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