The Bull Case: Part Three

I was perusing this evenings headlines on Marketwatch and found the following headlines:

•  Gap unveils new $750 mln buyback plan
•  Intuit approves new $2 bln share buyback program
•  Marvell Tech to buy back up to $500 mln in shares
•  Nordstrom to buy back up to $500 mln in shares
•  Rambus to buy back $90 mln in common shares

We are clearly headed into a major economic slowdown and this should be the time when the bears make hay. But if we continue to see this type of buyback and cash takeover activity the bulls might be able to hold the fort . At least until the slowdown weighs on the bottom line and effects companies cash generation abilities.