Wow amazing how this thing squirts up so quickly. I guess with zero sellers nothing gets in the way.......AT THE HIGHS OF THE SESSION.....SCREAMS CNBC
WOW $1,000,000,000,000 worth of buy backs in 2015 , a new record... One FUCKING TRILLION DOLLARS 2007 was the old record $657,000,000,000 with a B something is wrong here, everyone is looking at this as being extremely positive, i guess it is I mean the market goes up every day..... nothing but upside, nothing but upside...... yesterday a record of $70 Trillion worth of global market equity value and today $1,000,000,000,000 worth of stock buybacks.... ..zero risk, zero downside.... KATIE STOCKTON IS SUPER SUPER SUPER BULLISH!!!! EVERYONE IS BUBBLICIOUS about this RALLY, I remember in past times when everyone was this bullish, I remember talks about DOW 40,000 and 100,000, ahhh we all know what happened,.... but just keep buying..... <iframe src="http://player.theplatform.com/p/gZWlPC/cnbc_global?playertype=synd&byGuid=3000371513&size=530_298" width="530" height="298" type="application/x-shockwave-flash" allowFullScreen="true" bgcolor="#131313"></iframe>
So what that chart clearly shows is between 1983 and 1997 you'd have been bellyaching about no corrections for 13.5 straight years. Not sure who you would have blamed back then. And I do know that you posted on here that the dot com bubble ended in 1997, when in fact the Nasdaq skyrocketed in 1998 and 1999. In other words, you'd have missed the true bubble. Can you learn from history while ironically posting data that contradicts what you think you are saying on here ? Instead of complaining about a 9.94% drop disappointing you, you might want to actually learn what this chart is telling you. Are you intelligent enough to understand this ?
You seem oblivious to the fact that share buybacks are indicative of strength in the companies balance sheets and belief in their future earnings. They believe their own companies are the best use of their money. This seems to gone over your head.
I don't know about you, but I think you forgot about 1987.....you know that one big day collapse, it was all over the news, that won't happen today though because the little bitches on wall street put circuit breakers in and not only that but we would see yellen all over the news trying to calm wall street with more worthless QE ...so between 1983 and 1997 there were actually 2 big bear markets... One in 1987 where the S&P fell 33% & another bear market (well close to a bear market) in 1990 when the markets fell close to 20% There was also one in 1998, another 19% drop in the market.... then the dot com collapse in 2000 and the financial crisis in 2007 Im wondering what they are going to call this next collapse...Ill work up some names and get back to you on that...
You know the drill people....ready for the midnight rally....get some free money folks $$$$ LAST NIGHT WAS NO RALLY ....TONIGHT IS A SURE THING!
Or juice the stock price so managements low ball option purchase is worth that much more. No productivity comes from share buybacks. It's designed to keep people from selling.
Again zero risk is proven tonight with the Shanghai up yet another huge 2% *CHINA 4282.53 87.71 +2.09% Its unreal at this point. They are chasing everything and anything... I really want to know what would be happening if these markets were dropping 1-2% ....would there be an intervention of some sort because it seems when markets are surging no one intervenes but when markets are in collapse mode they do anything and everything to keep things calm...if anyone thinks this global bubble rally were in is by any means healthy you are a fool. These markets have become completely detached from any fundamentals that used to actually exist....there was once real value in these markets...today though its nothing but a smoke and mirrors....