NEW YORK ( F.A.S.T. Graphs) -- Recently I happened upon the article of a fellow TheStreet.com contributor detailing Blackrock (BLK - Get Report) CEO Larry Fink's ideas of the current state of the stock market. Within this commentary it detailed how Fink believes that dividends and buybacks are the catalyst for the recent stock market rally, rather than increased profitability and a strong economy. In turn, it would seem that this could indicate a seemingly unsustainable path forward.However, I would like to make two points on this notion. First, instead of looking at the "stock market" I like to think of it as a "market of stocks." It's paramount to remember that stocks represent ownership stakes in the underlying businesses, which are analogous to owning your hometown restaurant. It follows that what the market is doing and what any individual company is doing can vary greatly. So while Fink's statements might carry weight in the aggregate, they are not necessarily representative of every enterprise.
AT&T: Dividends and Buybacks Work Just Fine
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