Stock buybacks, which have long been a pillar of support for the market's climb higher, just contracted for the first time in seven quarters, according to data from S&P Dow Jones Indices — indicating that companies are tightening their purse strings.
Aureus Asset Management's Karen Firestone is also unworried: "Remember, we're at an all time high. Perhaps companies — for the first time in a long time — are starting to think about the valuation of their own stocks."The recent decline in stock buybacks might provide one sign that the end could be near. Buybacks, or share repurchases, have long been a pillar of support for the broader market.
Source: News Formal (newsformal.com)
'Bear Stearns is fine. Do not take your money out.' ~CNBC expert five days before the company went belly up
Remember when that tax break money was supposed to 'trickle down' but corporations gave it to shareholders instead by buying back their own stock? Ah, good times.
When it is time to panic, it will be too late. Take your profits. Secure your assets. Watch your risk.
It’s never time to panic. Market is high on easy CB policy. Buy, buy, buy!
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