INVESTING: Deal-making frenzy sweeps through trading exchanges
More than 200 years ago, people used to gather under the Buttonwood Tree, a big Sycamore on Wall Street, to trade stocks. Those traders have long since passed on, and their piles of cash have been delegated to others. But, oh man, are we talking piles. Exchanges are the hottest investment right now. They are getting more hype than China. All of this recent spike in speculation has created an almost unacceptable level of risk for investors in exchange stocks,…