(Bloomberg) -- The steepest drop in mergers and
acquisitions in 16 months is making U.S. stocks the most
expensive compared with bonds in two years.
This year's record pace of takeovers slowed by 49 percent
in June, data compiled by Bloomberg show. Delaware Investments,
the Hartford and City National Bank, which manage more than $500
billion, say the decline plus the decision by leveraged buyout
firm Blackstone Group LP to sell shares to the public are
signaling that the five-year bull market is nearing an end.
Read more at Bloomberg Stocks News
acquisitions in 16 months is making U.S. stocks the most
expensive compared with bonds in two years.
This year's record pace of takeovers slowed by 49 percent
in June, data compiled by Bloomberg show. Delaware Investments,
the Hartford and City National Bank, which manage more than $500
billion, say the decline plus the decision by leveraged buyout
firm Blackstone Group LP to sell shares to the public are
signaling that the five-year bull market is nearing an end.
Read more at Bloomberg Stocks News
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