Well it looks like Yahoo rejected the deal. Here is what the board said.

Quoting sources familiar with the situation, the Journal reports that Yahoo’s board feels the offer of $31 per share “massively undervalues” the company. A letter spelling out the position is expected to be sent Monday. Yahoo also expressed concern that Microsoft’s offer does not account for risks to Yahoo should the deal be overturned by regulators.

The Journal source said the company would be unwilling to consider an offer below $40 per share, which would represent a $12 billion increase over Microsoft’s original $44.6 billion bid. It is unclear if Microsoft would be willing to increase its bid by such a significant amount.

So I thought, ok let’s look at the numbers and see what they say from a valuation perspective.

The indices in Europe, and America are down around 4 to 5%, and the question is if we hit bottom. First let’s look at the overall picture for the past year.

Throughout the years I have invested and worked for financial institutions. On the weekend I had a long talk with my wife on my future direction. The future is as follows: Long Term Goal: Become a fund manager of my own fund. This goal is a long term goal because I need to become fully (more…)

I don’t like this merger one bit because it is a waste of money and resources. I am probably the only one saying this. Here is why I think its a dud.

What are the sales number of iPhones in Germany since November 9….

70,000…

How about France?

70,000 as well…

As I pointed out in an earlier blog entry when people talk about Apple rebounding, I personally feel it is more hope related than actual numbers.

In a previous blog entry I commented on how the Fed reacted to an event that might have been a non-event. I commented in that blog entry on how the recent market drop was probably due to the unwinding of a rogue trader at a French bank. It seems that the 7.9 billion of futures was sold by the bank at the beginning of this week causing a massive market upheaval.

Well according to Jim Cramer, yes. I say probably no. Or let me rephrase it, a temporary bottom. I want to show you my indicator for a major index that goes back to the second world war.

As Rick Santelli said the market has Bernanke on the ropes and Bernanke does what the market wants. Well, now the USD has strengthened against the EURO people are starting to strong arm the ECB. Quotes are, “The ECB is behind the curve.”

Well traders, investors, hedge funds get ready for a rude awaking. And more importantly if the market believes they can strong arm the market then we have a perfect storm and it will be bad for the financial sector in America. This is why I am not touching the American financial sector with a ten foot pole.