Business travel is always the same, more or less, anywhere in the world you go. Security checkpoints, flight delays, and lines at the ticket counter are all a predictable part of what you’re in for when you fly the friendly skies. The only thing that can make flying a bit unpredictable is the weather. I, for one, hate turbulence. I’m not a nervous flier, I just don’t like feeling bumps in the air at 33,000 feet.

The M&A market kind of reminds me of a plane that hit some turbulence (back in 2008 and early 2009), but since then and according to our latest quarterly Deal Flow Indicator the market has regained cruising altitude. Year-over-year results for deal activity are up a healthy 24% for Q1 2011 and 72% from the bottom of the market in Q1 2009. It appears that M&A activity levels have normalized.

Like many of those involved in the M&A market, I started the new decade thinking that things could only get better after recent economic challenges, and it appears that there are grounds for optimism.

With global M&A deal activity slipping down to 22% from 2008 levels (according to Dealogic) and some suggesting that we may have seen the bottom of the M&A market in 2009, I think it's safe to say that we’ll all be glad to say goodbye to 2009. And what better way to say farewell and to round the year off than with our Q4 Deal Flow Indicator results.