Share buybacks are on record pace to take us to the bottom

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Now hear this corporate execs, the stock market is at all time highs.  Yes, the market is very high.  

What in the world are you thinking as you initiate record levels of stock buybacks at these high levels?  I am sure glad these company's executives aren't managing my portfolio!

Just like the products you sell, you want to keep your purchase costs down and your selling prices up. 

This time it is different.  We'll squander funds to over pay on stock purchases and issue options to our employees at low prices.  Great idea!

Are you kidding me?! Seriously.......

  

Copyright 2017 Mark T. McLaren