Wall Street appears to be living in an 80's time-warp. Back are the corporate raiders, the heavy deal-making, and if suspicious stock movement is any indication: insider trading.
Look no further than today. Apartment developer Archstone-Smith (ASN) bought out for $13.5 billion. This after the stock jumped 8% on Friday. It's enough to make even Gordon Gekko blush!
The first whispers of a deal are often first heard in the options market. According to Bloomberg News, options volume on stocks involved in big takeovers this year jumped more than 200%, on average, before the announcement.