I completely agree with that, I think it's really stupid of the Central bank to even go there. I believe the current situation is something to be wary of, as the catalysts are much bigger this time. This is global, I feel like this has been brewing since pre-2000 and 2008 was just a taste.

QE should of ended years ago, nothing about the current economy is real, I feel it's a shell of it's former self, only supported by money that shouldn't be there. In a very simplified form: Debt was exchanged for Liquidity, and Liquidity exchanged for Stock shares. This has done nothing but create a Central Bank induced asset bubble.

 Now we are in a situation where people fear rate hikes instead of look forward to them, and where companies would rather buy-back their own stock than invest on infrastructure. There is minimal ACTUAL economic growth happening.

Of course their earnings to share ratio will look better if they remove shares from the open market, How is this not a form of rigging within it's own?