> Where else would it go? Where else would what go? > If they mostly sell to shares buybacks, every sale actually prop up the price. Only if companies have e

> Where else would it go? Where else would what go? > If they mostly sell to shares buybacks, every sale actually prop up the price. Only if companies have enough cash to do so. Buybacks made sense more sense in a low interest rate environment, but are riskier if they have to borrow to buy their stock back. > Also uni endowment and charity funds keep growing with rules to never take money out, so they will be the one buying from pensions. But again, is this amount as much as the amount that is to be sold, and at what price?