In essence large organisations - who shall remain nameless - are busy buying back their own stock in an attempt to stabilise Wall Street and other markets. This is likely to give small investors a sense of security that they should buy stock. Price - to the minds of the big boys - is likely to move north as the small fish come in. Then the big boys sell off!! Oh sure - this is a gamble by the big boys. How big? Nobody really knows for sure. Estimates are in the region of Trillions of US dollars.
Yes the big boys have a secret 'war chest' with which to fight the markets. And the 'big' manipulate money out of the pockets of the poor. This is Corporate America - innit?
1. Corporate buybacks keeping the markets afloat (at this time).
2. Why would a company buy back its own shares?