Michael Kors to buy luxury shoemaker Jimmy Choo for $1.2 billion

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The M&A space continues to warm in this high valuation market. Is this another indicator of high market valuations?

I would say that it is definitely one of the multiple indicators that is pointing to the top of the long bull market. M&A tops out right at the end of a bull.

With affordable luxury goods continuing to sell, it is a best time for owners to make those transactions and capture gains in this fleeting market. I am sure we will see more of the same in coming weeks and, possibly, months.

I believe this is another indicator to tone down the risks in portfolios of those who own individual securities. Great shoes, but you don't want to get stepped on!

Copyright 2017 Mark T. McLaren