The Real Dip Buyer’s In Trouble—Corporate America Facing Spiraling Debt Costs

Corporations are not particularly price sensitive — buybacks tend to rise with the market — but they do try over short periods to buy at the lowest average price. So in a long bull market, like the one we are in now, corporations tend to step in to buy whenever there is a dip, which is what happened last week. Goldman Sachs, for one, said that its unit that executes share buybacks received a surge of orders last week.