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That's what trump's & Ryan's & McConnell's handout to the 1%ers bought. Good only for the greediest.
Companies should use extra cash for biz investment & employee pay, not stock buybacks. Bad for companies & US economy. See 'Profits without Prosperity' (HBR 2014).
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Stock buybacks among S&P 500 companies mark a record streakThe amount of shares repurchase among S&P 500 companies in the last three months of 2018 hit a record in the fourth quarter, marking the fourth consecutive quarterly all-time high and the longest such streak on record. Lets see if we experience a decent (Window Dressing) futures romp-over-night, only 4-days left to trade in 1st quarter 2019; [out with the dogs, in with the out-performers to paint the ape] before fund-manager statements are mailed out!
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