Don't worry...he and those like him are the reason we were able to buy at 3.70'sh, which I certainly hope you did. There are still plenty of shorts here who will be running for cover once they sniff IPO's may suddenly be a real possibility again. There are 2 who could go in the next 6-12 months (Neo sooner) and I could make a case for 3 others in the next 2 years.
I have been doing a lot of reading, research and information gathering. My opinion is that the double dippers are wrong. We may not have roaring 3%-5% growth, but I think two quarters of negative GDP growth are simply not going to happen. There is too much money floating around out there. It was the velocity of that money that's been impeded, but that looks to be changing. This M&A activity is just what the economy needs to get moving. This is when highly talented individuals from the firms being bought out get big paydays and the chance to build new companies while the ones they incubated are brought to maturity. This is where real organic growth begins to take hold.