Stock buybacks fueling bubble, not households?

Enrique Diaz-Alvarez enrique at
Mon Dec 14 11:37:01 PST 1998

Interesting article. Apparently, the bubble has been fueled by corporate buybacks, rather than 401(k). Households have actually been bailing out of the bubble all year long. This seems to be in direct contradiction with my personal experience.

Is this a fair assesment of the situation? How reliable are Federal FLow of Funds figures?

-- Enrique Diaz-Alvarez Office # (607) 255 5034 Electrical Engineering Home # (607) 272 4808 112 Phillips Hall Fax # (607) 255 4565 Cornell University mailto:enrique at Ithaca, NY 14853

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