. >>> david leskowitz joins us to talk about the market. david, welcome, good to have you with us. >> thank you. >> let's talk a little bit about the stock buyback issue that dominic just reported on and whether in fact the fact that corporations themselves have been i believe the largest net buyers of equity so far this year. whether that is a sign of strength in the market or a sign that well, we better buy because nobody else particularly wants to? >> i think stock buybacks can have a short-term impact on a company's share price. but i think over the weeks and months, what is more important is the earnings per share. and what that means per earnings per share growth over time. and what the buybacks do is they do reduce the share count that companies have outstanding and that tends to boost earnings per share growth a little bit, in the market it has a little bit of 1.2% per growth, so that is how i would think about it. it can have a little bit of a short-term impact but in a long-term it is beneficial for the stock market. >> what will d