To The Moon

UBS agreed to buy its embattled rivalCredit Suissefor 3 billion Swiss francs ($3.2 billion) Sunday, about less than half of Friday's closing price of $8.4 billion for Credit Suisse.with Swiss regulators playing a key part in the deal as governments looked to stem a contagion threatening the global banking system.In order to preserve Credit Suisse and execute a successful takeover, Switzerland changed the law to allow both parties to bypass shareholder approval.Thus, as long as the board approved the sale, shareholders cannot question the sale price or the terms of the sale, resulting in shareholders who attempted to hold their shares on Friday losing half their stock equity.As an initial offer, UBS offered only $1 billion for Credit Suisse, which slowed down negotiations for a short time.

As of the close on Friday,$S&P/ASX 200(XJO.AU)$ closed at 6,955.20 points, down -0.56% in the past 5 days.During the last 5 trading days, $Evolution Mining(EVN.AU)$ $PERSEUS MINING LTD(PRU.AU)$ $NEWCREST MINING LIMITED(NCM.AU)$ $AGL ENERGY LTD(AGL.AU)$ $Imugene Ltd(IMU.AU)$ were up 14.34%, 9.91%, 8.51%, 8.44%, and 8.33% respectively.1. $Evolution Mining(EVN.AU)$ - advance progre

US market on Wed (22 Mar) traded directionlessly until 2:00pm when the FOMC meeting was over with the press conference by Mr Powell, hot on the heels. When the 0.25% interest hike was confirmed, market “reacted positively” initially. It was afterall the much anticipated 0.25% and not the much feared 0.5%. The “euphoria” proved to be short-lived as the press conference pressed on with Mr Powell further confirming that there would be no let down from the central bank in their fight to bring inflation down. Personally I think, it is commendable that the Fed Reserves provides a clear direction of where they are heading without being ambiguous. Doing so minimizes “speculations” of any sorts to be postulated by Wall Street to smoke-screen and “fool” the general public. Agree ? By The Time Marke