But the result has been like giving the 16 year old son the keys to Dad's Ferrari.

Now CEO's could control their own destiny. They could manufacture share gains, by simply buying back stock.

Finally, one last element was added, that made sure this perfect storm took off. And that dimension was low interest rates. Since 2008, historic low interest rates have allowed the average publicly traded company to borrow, with very little cash flow needed to service that additional debt.

And so the circle was complete. First allow companies to buy their own shares, Next incentivize CEO's to enhance share price. And finally lower the cost of corporate borrowing.

The result and unprecedented move by corporations to repurchase their own shares. 2 Trillion Dollars worth in the last 2 years.