Goldman’s Buyback Desk Went Nuts During Selloff, But It Wasn’t Enough…
So remember how, time after time for the last couple of years, Goldman has reminded you that the corporate bid is by far the biggest single source of demand for U.S. stocks?
You know, that would be the (largely) price insensitive bid that's gotten a shot in the arm from financial engineering as firms borrow at artificially suppressed rates and plow the proceeds into EPS-inflating buybacks.
If you've forgotten about that, here's the relevant table for equity demand:
Well as it turns
I hate to change the topic but if you remember back to our discussion on gun control, I would like to ask a follow up question. How many dead children is the 2nd amendment worth to you and or America?
You can protect the second amendment and have reasonable gun control measures! not mutually exclusive. The second amendment is about a well-regulated militia not assault rifles for all.