Stock buybacks surge

"Repurchases and buybacks soared nearly 60 percent in the first quarter, putting a floor under a market that struggled amid a brutal winter and an economy that contracted at least 1 percent. Companies have used bargain-basement interest rates to borrow money for stock purchases, which have fed the equity market even as gross domestic product growth has stumbled along. In all, corporations increased buybacks by 59 percent to $159.3 billion, according to S-P Dow Jones Indices. That's up strongly from the $100 billion for the same period in 2013 and a bit below the $172 billion high set in the third quarter of 2007, just before the financial crisis and market crash that sent indexes plunging 60 percent." http://finance.yahoo.com/news/rich-richer-stock-buybacks-surge-103954221.html

Comment:  Highest since 2007.  Hmm, not to worry, the stock market will keep going up forever, right?