Financial Times – 10/16/14
“Margin is a concern and can certainly result in you being taken out of a trade,” says Michael Kastner, managing principal at Halyard Asset Management.
But there are silver linings. One resides in companies’ hefty stock buy back programmes, says Mr Kastner.
“I’m constructive on the share market as companies have a mandate to buy back their stock, and many of the large-caps in the S&P can be aggressive.”