Absolutely incredible
1. MSFT's $31 buyout offer for YHOO - a 60% premium
2. CNBC states group of banks looking to bailout portfolio insurers.
3. Futures up massively
4. Jobs report comes and -17k vs 70k ouch - however prior was revised to 82k vs 18k
Funny how I mentioned BIDU vs GOOG last night, didn't expect the YHOO catalyst to take a step so quickly in that direction - BIDU was trading as high as $300 this morning +$20 on the buyout announcement, while GOOG traded in the $518 range, down greater than -$40 on missed earnings.
We've got another wild day coming up.
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