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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 421.63-0.1%Jan 13 4:00 PM EST
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To: TobagoJack who wrote (8875)9/3/2006 12:25:17 AM
From: Rarebird  Read Replies (1) of 219333
 
It's important to understand what's holding up the US stock market and why it has not yet signalled the recession that is here:

Corporate Buybacks.

businessweek.com

"Buybacks are back with a bang on Wall Street. According to Standard & Poor's, companies in the S&P 500 index repurchased a record $115 billion of their own shares in the second quarter, up 43% from 2005 and 175% from 2004."
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