Irrational Times—Deals in the Works?

09/18/2008 12:00 am EST

Focus: STOCKS

Thomas Aspray

, Professional Trader & Analyst

Chart

Yesterday’s heavy selling may have been climactic as world monetary authorities scramble to loosen lending. Possible Deals - Morgan Stanley (MS) looking at Wachovia (WB), others looking at Washington Mutual (WM). The S&P futures are up in early trading and the RSI shows a potential bullish divergence, but still massive resistance overhead.

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