Loading ...so the computers went into a buy rampage when CAT’s earnings blew away expectations. How did they do that? By repurchasing billions of dollars worth of their own stock. IMHO, everything depends on low interest rates. Companies can’t grow organically anymore, so in this “new normal” economy, do the next best thing; buy back your stock at low interest rates on margin. The exploding, massive debt also depends on keeping interest rates as low as possible. One of the main ways of doing that; always keep your foot on the throat of the commodities.
I don’t know how we’ll ever get back to any sense of reality. It’s been a long haul, and looks like it will continue to be a very long fight.