Stock buybacks are usually ill-timed, ineffective and costly, David Weidner writes, so "if your...

|By:, SA News Editor

Stock buybacks are usually ill-timed, ineffective and costly, David Weidner writes, so "if your bank is buying, maybe you should sell." The problem with many buybacks is that CEOs try to time the market - not a good idea with the Dow at 12,000 - and they’re often offset by new shares offered to employees as options - and banks have handed out lots of them after the financial crisis.