In the upcoming October issue of Modern Trader, numerous analysts discuss their thoughts on a September rate increase by the Federal Reserve. The prevailing wisdom was that the Fed would finally pull the trigger at the upcoming September FOMC meeting, but there were several outliers who though the Fed would wait.
Investors in U.S. stocks have been arguing that a 10% decline of the S&P 500 was long overdue and a missing link of a healthy market. The benchmark index hasn't had a by-the-book correction in about four years.
The euro and yen climbed to a seventh-month peak against the dollar on Monday as investors, worried about the slowdown in China, reversed riskier bets in so-called "carry trades" and bought back the low-interest rate currencies used to fund those assets.
Over the course of the years, we have repeatedly stated (though probably not as much as many would like us to do) that companies use share buybacks to manipulate earnings. In the past, this gambit was not as prevalent as it is today.