tag:blogger.com,1999:blog-6399730406480392183.post6781693987013670132..comments2024-03-27T11:18:34.222-03:00Comments on Viable Opposition: The Next RecessionA Political Junkiehttp://www.blogger.com/profile/03342345936277964422noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-6399730406480392183.post-53639816597993020282018-03-18T21:46:42.327-03:002018-03-18T21:46:42.327-03:00A recent report from JP Morgan revealed that S&...A recent report from JP Morgan revealed that S&P 500 companies will buy back a record $800 billion of their own shares in 2018, far exceeding the current high of $530 billion that was recorded in 2017. If indeed we are seeing the later stages of a bull market built on valuation illusions based on share "buyback alchemy" then we can only speculate as to the downside potential of this market.<br /><br />Below is the link to the second part of a two-part series. The first explored how stock buybacks have been instrumental in driving this market higher since QE fueled easy money starting in 2009. This part focuses on what is ahead and how the recently passed Trump tax plan has supercharged this trend just as it may have been reaching its natural conclusion.<br /><br />http://brucewilds.blogspot.com/2018/03/stock-buybacks-driving-market-where-it.htmlBruce Wildshttps://www.blogger.com/profile/10181323607060607040noreply@blogger.com