[PEN-L:3980] why the boom in stock prices, 1995-1998?

[Barbara Laurence <cns@xxxxxxxxxxxxx>]

Does anyone know or know where to find any study of the importance of US
company stock buybacks, plus the importance of global money fleeing Asia
and "emerging countries" generally, on the rise in stock prices? In the
form, let's say, of a percentage rise in stock prices due to these factors
active on the demand side of the market? I should say, stock buybacks
affect both the demand and supply side, increasing the former and reducing
the latter, for a "double hit."
Thanks for any help on this,
Jim O'Connor