Microsoft (MSFT) has just announced a 44.6 Billion $ bid for Yahoo (YHOO)!!!!
Thats offering 31$ per YHOO share. YHOO closed Thursday at 19 / share.
This should be huge in many ways!
Tech, of course has been waiting for a move like this,
BUT more importantly:
WHEN stocks sink low enough...
BUYERS come in!
This is what makes FREE MARKET CAPITALISM work!