ok, two more things:
Maser - wasn't it you who argued that the 1Q negative GDP numbers were no fluke and there would be no snapback? You said blaming the bad weather for slow economics was unwise. I think that was you. Anyway, the final number was +0.6% and now the 2Q number is at +3.7%. Sounds to me like a berry nahce snapback.
I'm sure you will reject the gov't numbers or some such defense.
Re; buybacks goosing EPS and giving a false impression of profits - today's numbers on corporate profts were excellent - +7.3%!!!!!!, and have nothing to do with share buybacks - from teh WSJ:
U.S. corporate profits posted the strongest quarterly increase in a year this spring. Profits after tax and without inventory or capital consumption adjustments rose 5.1% in the second quarter after increasing 2% in the first. It was the best quarterly gain since the second quarter of 2014. From a year earlier, profits advanced 7.3%.