The stock market would be much lower if it weren’t for companies buying back their own shares

https://www.cnbc.com/2019/05/25/the-stock-market-would-be-much-lower-if-it-werent-for-companies-buying-back-their-own-shares.html

Data compiled by Ned Davis Research shows the S&P 500 would be 19% lower between 2011 and the first quarter of 2019 without buybacks.

The other options for companies to deal with that cash — holding it, reinvestments and dividends — would have also led to lower returns.

“Without focusing too much on numbers, we can say that the S&P 500 index would probably be lower today if not for buybacks versus other uses of cash,” says Ed Clissold, chief U.S. strategist at Ned Davis Research.

Submitted May 25, 2019 at 09:47AM by coolcomfort123 http://bit.ly/2YThQrv