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If Buybacks Fail, Takeovers Prevail
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Jim Cramer
The Street.com |
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The last time this market was so controlled by program selling, 1987, companies had to defend their stock prices.
So here we are again. Everyone who bought feels like an idiot. The rally -- the alleged rally, I should say -- has given way to endless selling and soon, the buybacks will stop. You can't support your stock into the bell.
Here's an odd one...
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