The deal to take Dell private shows what is possible in the leveraged-buyout market but doesn't necessarily portend a return of the megadeals popular before the financial crisis.
Because the market was so high about a decade ago--dividend yields got down to about 1% and PE got up to almost 40 times--as I say in my book and as I said in the speech I gave at Princeton called "Don't Count On It, " if you think the stock market is going to give a positive return in the next decade, don't count on it.