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The buyback bull market: Purchases hit record

People walk by a sign in front of a Home Depot store in El Cerrito, Calif.
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People walk by a sign in front of a Home Depot store in El Cerrito, Calif.

In February, more companies than ever said they would be buying back their shares, adding fuel to this bull market, but also raising the eyebrows of skeptics who believe this run is just the product of financial engineering.