Meantime, the flurry of mergersandacquisition activity that began late last year and which launched the biotech sector into overdrive has slowed noticeably.
As a result, I am bringing my prediction forward and believe that we are now on the verge of a wave of mergersandacquisition activity emanating from China.
Stocks leapt to the finish after trading day full of mergersandacquisition news and if returns hold, this could be the market's best quarter since the financial crisis.
There are countless studies of mergersand acquisitions showing that in the days surrounding acquisition announcements the share price of the buyer usually declines.