Overvalued Stocks are Ruining the Economy - Rory Hall

Sep 13 16:09 2017 Print This Article

September 13, 2017

From our perspective, the the corporate stock buybacks have been doing

major damage to corporate America. If these companies were not buying

their own stock for the past three years their “price” would be half or

less than it is today. Who in the right mind believes Amazon’s stock is

worth upwards of $1,000 per share? What is this based on?

The damage corporate stock buybacks has done to the economy can not

be over-emphasized. If the “C” level executives are simply “recycling”

company stock and driving the price higher they are unable to reinvest

in the company. This means no new equipment, no new hires, no R&D

and the list continues. This is destructive to the economy. Nothing


Now we see the S&P littered with overvalued stocks. This is not

going to end well and as the economy continues to rot-on-the-vine as “C”

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Sprott Money

Established in February 2008, Sprott Money Ltd. is a leading precious metals wholesale, institutional and retail dealer selling gold, silver and platinum bars, coins and wafers online and over the phone. Sprott Money's storage program gives clients the ability to store their precious metals in multiple storage facilities located in Canada, the United States and internationally. Sprott Money Blog, which covers world events, geopolitics and of course precious metals.

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