Originally Posted by
Jerry
I understand the theory of this is logical, but it has never struck me that the price of shares is logical. It's driven by all kinds of fear/greed quotients/irrational tweets by prominent players, etc.
The present inclination of companies in the USA is to buy back their own shares, rather than distribute dividends, thus increasing corporate wealth and distributing even less to the average punter. Done on a large scale it is channeling wealth into the hands of a small percentage of people and reducing the monetary merry-go-round that supports participation in the economy..