Friday, July 13, 2007

Another Bull case

Another interesting positive development is the huge amount of company buy backs of there own stock. The gross volume of money spent buy companies buying there own stock is staggering. Folks lets face it US companies feel their own stock is cheap and a good investment. The huge amount of these programs at this time implies the many companies feel there stock is undervalued and there for implies US equity markets are undervalued.

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