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What’s more, there’s plenty of evidence that the main thing propping up the
stock prices is heavy buying by the companies themselves [via share
repurchases].
And now, that prop is getting kicked out from under the stock market.
Bloomberg:
After snapping up trillions of dollars of their own stock in a five-year
shopping binge that dwarfed every other buyer, U.S. companies from Apple
Inc. to IBM Corp. just put on the brakes.
Announced repurchases dropped 38% to $244 billion in the last four months,
the biggest decline since 2009...
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HOUSE_OVERSIGHT_028792
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