The Real Dip Buyer's In Trouble---Corporate America Facing Spiraling Debt Costs

Corporations are not particularly price sensitive -- buybacks tend to rise with the market -- but they do try over short periods to buy at the lowest average price. So in a long bull market, like the one we are in now, corporations tend to step in to buy whenever there is a dip, which is what happened last week. Goldman Sachs, for one, said that its unit that executes share buybacks received a surge of orders last week.

 

https://www.zerohedge.com/news/2018-02-20/broke-buybacks-mounting-spiking-debt-costs-ruin-repurchase-ramp-vol-jumps

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