Stock Buybacks Account For About 20% Of Yesterday’s Buying: Goldman Sachs

Stock Buybacks Account For About 20% Of Yesterday’s Buying: Goldman (ZeroHedge, Feb 3, 2015):

While we already know that there is only one true irrationally non-economic buyer of stocks in the US equity market, getting confirmation from none other than Goldman Sachs is another matter…

GS: “BUYBACKS yday accounted for 17% of our total flow, at times 33%”

Sourced from a run, this explains the machine-like vertical buying panic of the completely indiscriminate “well stocks are down and we need to maintain our bonuses) corporate buyback machine.

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