Indeed, today's high-priced stocks make mergers easier than ever.

"They feel like they are just trying to lock in the value of their high-priced stock by merging with another company."

Just something to think about for those with portfolios chock-full of high-priced stocks and bonds.

And if good news pushes a high-priced stock higher, he is more likely to buy.

The current leaders have been buying, too, using their high-priced stock as currency.

In the 1960's Teledyne used its high-priced stock to buy 125 or so companies.

I am not telling people to go out and sell their high-priced stocks.

We're still going to have some high-priced stocks, but the reality is we continue to see almost weekly shortfalls in growth expectations.

"A high-priced stock with an earnings estimate coming down is not a stock that's going to go up," she said.

Instead, high-priced stock is the currency of choice in such deals.