It's really like a perpetual money machine financed by the Fed.
It will work until the overleveraged corporations (that's not AAPL)
find their cash flow for debt service getting squeezed in the next
slowdown. Certainly answers the question as to who is the marginal
buyer.
Good artilce on Corporate Buybacks and how the support the market
Posted by puma on 15th of Apr 2016 at 12:51 pm
It's really like a perpetual money machine financed by the Fed. It will work until the overleveraged corporations (that's not AAPL) find their cash flow for debt service getting squeezed in the next slowdown. Certainly answers the question as to who is the marginal buyer.
http://www.zerohedge.com/news/2016-04-15/everyone-selling-stocks-who-buying-goldman-explains