John Stepek (Money Week UK):
Deal making is back!

That was the general reaction from the press when US food giant Kraft launched its first bid for British confectioner Cadbury less than two months ago. Pundits spewed out potential target prices like bingo numbers – £8, no £10, no £12! – and analysts scribbled out scenarios involving white knights and rival bidders from across the globe.

Why wait for Tim Geithner’s rigged stress test results for banks when the underground can help you separate the winners from the losers? Thanks to research carried out by Money Morning’s Martin Hutchinson, we can pre-empt the Treasury Department and reveal which are the strongest banks are which are most poisonous.

Sometimes you learn all you need to know while watching the morning news. When I saw Under Armour (NYSE:UA) panning for publicity this morning, I knew my beliefs were confirmed. Shares are about to make a big drop.

Emotions still rule the market. The equities market is soaring today thanks to one CEO’s “memo” that promises this whole financial mess is overdone. Why should we believe him now?