New information from the Fed's Beige Book is stoking speculation that merger mania could soon sweep over parts of the market.
The results show that although the U.S. economy continued to weaken in March and early April, the speed of contraction is fading.
"Although conditions are still weak right now, there are signs that there is stabilization in certain sectors," expalins Michelle Meyer, an economist with Barclays Capital. "We're clearly still in a deep recession but there are signs that things are looking a little bit brighter."
And if options action is any indication, than one of the sectors showing signs of life is -- technology . In fact, OptionMonster Jon Najarian is particularly keen on this sector for possible M&A activity.