Earlier this year there was talk about banning the corporate buybacks. Ban the buybacks they said. Buybacks are a boon for the rich they said. Buybacks are evil! Buybacks are Ruthless!!!
The S&P500 is set to open at a new all time high. However there isn't confetti falling from the ceiling. These stock market gains are all pea paste burgers, without the test tube juice. Yep. These gains are not real....
Today the FOMC concludes its two day meeting and at 2pm the market will get a better idea if the FED is indeed going to cut interest rates. Will it be at today? That would be somewhat of a shocker.
