When it comes to corporate share buybacks are they financial engineering that create fragile rallies vulnerable to sudden downturns? Are companies hurting their long-term profitability by spending money on buybacks for a short-term boost rather than investing that money on research and development? The author of today’s article looks at what the research actually says in regards to these two questions – and the answers might surprise you. To read more – including why the author says that “the gains we’re seeing in the stock market today are not, for the most part, caused by this quarter’s or last quarter’s buybacks. They’re rooted in buybacks announced years ago” – CLICK HERE.