The Financial Outlook for Personal Investors: NASDAQ's bear market & Amazon's buyback

Russ Mould of A J Bell looks at the rally in the NASDAQ and warns that history shows that, even in bear markets, there can be substantial rallies. As he points out, all the problems for the growth stocks that caused the market to fall are still present. He also considers Amazon's buyback plan and stock split, the first time the company has returned cash to investors since its market debut in 1997. Discussing buybacks in general, happening a great deal in the UK at the moment, he cautions investors to see whether the board are also buying into the company.