Former JPMorgan strategist Marko Kolanovic can be as bearish as they come, so it’s no surprise that he would greet the news that Oracle shares surged a staggering 36 per cent on Wednesday night with scepticism.

Nevertheless, he delivered one of lines of the day in response to the $US212 billion ($321 billion) surge in Oracle’s market capitalisation , which one analyst pointed out was larger than the value of all but 42 companies in the S & P 500, including that icon of US capitalism, Disney. Loading...

See Full Page