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Companies are buying back shares. The SEC has relaxed restrictions on share buybacks temporarily. But people are buying because these are good prices. If you likes the stock at $50 you should love it at $30!
No one is going to pick the low. The low will be made on a day when we spike lower, on the open, and close up several hundred. It almost looked like we were going to do it the other day when the market was down 400+ and rallied 200 in the last hour. But then we got hit overnite, in europe when the insurers realized their real exposure and people sold stocks again overseas.
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