Rigged! Furious Corporate Buybacks Fueled Tuesday-Wednesday “Rally”, Again

Corporate America bought back shares at a furious pace as the S&P 500 plunged 3%, according to activity at the Goldman Sachs Group Inc. unit that executes repurchases for clients. Since then, the equity benchmark has rebounded 2.3%. A similar surge in buybacks during May’s rout helped establish a market bottom.

  Goldman's buyback desk saw orders rising `dramatically' during Monday's sell-off