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Old 12-24-2018, 04:39 PM  
RedFred
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Quote:
Originally Posted by onwebcam View Post
Stocks were high because companies were borrowing cheap money and buying back stocks

US companies spent $4T buying back their own stock
https://nypost.com/2017/08/19/us-com...eir-own-stock/
That was due to Trumps tax cuts, how on earth do you not know this? So basically the tax cuts artificially stimulated the market and when that wore off we have the reality of the past month. The economy is in worse shape than we know.
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