[Htsthbjig]

Not so, real profits are low.

Companies are doing buybacks because the Fed is basically siphoning all the wealth to big business and the Government via 0 per cent interest rates.

In the past companies had to offer their stock in exchange of savings. Today The central banks basically finance big corp and Government just printing money(and diluting the currency).

So instead of using your savings, the central banks create new money and give it to their friends at 0 per cent interest rates(lower than inflation, aka: free money).

Their friends take that loan and buy their own shares. That way prices remain up without plunging enough time for the CEO of the company to look like a superstar and nobody complying when she retires with a billion dollars in golden parachutes.

[forgetsusername]

>Companies are doing buybacks because the Fed is basically siphoning all the wealth to big business and the Government via 0 per cent interest rates.

Wow, you managed to put almost every misinformed finance meme into a single paragraph.