Dow: Stock Buybacks

Goldman Sach’s buyback comment appears to contradict what traders would expected with the current situation in Europe. Apparently Goldman is aware that the proposed SWIFT suspension is meaningless. This means engrbytrade™ Dow calculations are correct to show a move up to 35,606 as corporations continue to buy back their stock.

Two examples of corporations announcing stock buybacks.

Twitter Board OK’s New $4 Billion Stock Buyback

Exxon Mobil’s Announced Stock Buyback

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