May 20, 2013

Narcissist Rally: Big reason for stock boom? Companies buying back stocks

Sure, there are plenty of forces pushing stocks higher — record corporate earnings, small investors finally buying again, signs the U.S. economy may be strengthening, central banks flooding the financial system with money.

But you may want to spare a thought, and a healthy dose of worry, for what is one of the biggest, and least appreciated, reasons for the rally: buybacks... more Big reason for stock boom? Companies buying back stocks - NBC News.com

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