SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : How to best deal with KOOKS at this web site

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Iceberg who wrote (722)7/7/1997 12:09:00 PM
From: Gottfried   of 1894
 
Ice and all, its the buybacks that make the market rise...
(excerpt of article)

July 7, 1997

Buybacks Aren't Always
A Good Sign for Investors

By SUZANNE MCGEE and GREG IP
Staff Reporters of THE WALL STREET JOURNAL

Bullish about stocks after all those big share repurchases
that have been announced? Think again.

Companies continue to produce share-buyback plans at
a torrid pace: So far this year, they have stated their
intentions of removing as much as $87.3 billion of stock
from the market, according to Securities Data Co. That
comes hard on the heels of the $176.7 billion in stock
repurchases announced last year. These buybacks,
along with merger and acquisition activity, are eating
away at the amount of stock available to investors. That,
in the eyes of many stock-market analysts, is one of the
main causes of the current bull market, which saw the
Dow Jones Industrial Average soar 100.43 points to a
new record of 7895.81 in Thursday's holiday-shortened
session.

RELATED ARTICLE
Program Trading Was 20.6% of Big Board
Volume in Week

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext