Excerpt from CNBC quoting DataTrek’s Nick Colas:
…. “Wall Street has come to depend on buybacks along with organic growth for the nearly 10-year-old bull market. While investors have taken about $232 billion out of mutual and exchange-traded equity funds over the past three years, companies have pumped in $1.8 trillion through repurchases, according to Nick Colas, co-founder of Data Trek Research.
“Any real regulation on buybacks, either through labor conditions or tax code, is a negative for valuations and stock prices,” Colas said in a recent note to clients”….
Read the full article here on CNBC!