Are we in an m&a bubble?

The New York Times had a front page article this week – headlined “Welcome to the Everything Boom, or Maybe the Everything Bubble.” A week earlier Reuters had an article headlined “Global M&A at a seven-year high as big corporate deals return”. The 10 year average P/E of the S&P composite is at levels not seen since 2000. Are we in a bubble? Read our thoughts in our July market update: http://lnkd.in/dKR9w_W