Stock buybacks: Buy high, sell low

Companies repurchased huge chunks of their own stock when prices were peaking. Buybacks for SP 500 companies hit a high of $150 billion in the fourth quarter of 2007, according to Thomson Reuters.img src=”http://feeds2.feedburner.com/~r/rss/money_news_economy/~4/pBYN17nvPVs” height=”1″ width=”1″/