tradersofequitiespro is an #$%$. Look at his posting history mostly on BAC site. He claims to meet with Brian Moynihan the ceo of bac also when not posting bigotry trash. Listen not to the #$%$. Also posts under many other names and replies to all his own posts, right mikies_back.
buyback blackout starts Monday, 5 weeks before earnings date.
U.S. stocks are entering part of the year when one of their biggest support systems is turned off.
Buybacks, which reached a monthly record in February and have surged so much they make up about 2 percent of daily volume, are customarily suspended during the five weeks before companies report quarterly results, according to Goldman Sachs Group Inc. With the busiest part of first-quarter earnings seasons beginning in April, the blackout is getting started now.
While the data isn’t conclusive, owning stocks during the five-week stretch when repurchases were curbed has generated a return that trails the market average over the past two years, according to data compiled by Bloomberg. That’s not surprising to Eric Schlanger of Barclays Plc, who says companies buying back shares have helped keep equities aloft. Less