Are Buybacks Signaling a Stock Market Top?

Companies rushing to buy back stock are awful market timers

Apple, led by CEO Tim Cook, had $88.3 billion in stock buybacks last year.

Photo: shawn thew/Shutterstock

香蕉视频苹果下载One. Trillion. Dollars!

Some politicians have portrayed share buybacks as starving American companies of capital and workers of wages while enriching evil corporate fat cats.

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