(Bloomberg) -- For the first time in the 4 1/2-
year bull market, stocks are losing the support of investors
betting on mergers and acquisitions.
Alcoa Inc., Macy's Inc. and more than a dozen other
companies have lost as much as 10 percent in the past week.
They're unlikely to bounce back because funds for leveraged
buyouts are drying up, Richard Bernstein, Merrill Lynch & Co.'s
chief investment strategist, wrote in a report yesterday.
Read more at Bloomberg Stocks News
year bull market, stocks are losing the support of investors
betting on mergers and acquisitions.
Alcoa Inc., Macy's Inc. and more than a dozen other
companies have lost as much as 10 percent in the past week.
They're unlikely to bounce back because funds for leveraged
buyouts are drying up, Richard Bernstein, Merrill Lynch & Co.'s
chief investment strategist, wrote in a report yesterday.
Read more at Bloomberg Stocks News
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