Insiders sell like there's no tomorrow

[LargoWinch]

And that is from CNN. Could it be a contrarian indicator that there is still more upside left in this bear market rally?

Insiders sell like there's no tomorrow

Corporate officers and directors were buying stock when the market hit bottom. What does it say that they're selling now?

By Colin Barr, senior writer
Last Updated: September 12, 2009: 7:25 PM ET


NEW YORK (Fortune) -- Can hundreds of stock-selling insiders be wrong?

The stock market has mounted an historic rally since it hit a low in March. The S&P 500 is up 55%, as U.S. job losses have slowed and credit markets have stabilized.

But against that improving backdrop, one indicator has turned distinctly bearish: Corporate officers and directors have been selling shares at a pace last seen just before the onset of the subprime malaise two years ago.

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Full Article here.

[Mega]

Re: Insiders sell like there's no tomorrow

I think the best thing is sell any banks, but share in companys that produce "Stuff" will rocket as all the PRINTING catchs up.
Mike

[LargoWinch]

Re: Insiders sell like there's no tomorrow

I think the best thing is sell any banks, but share in companys that produce "Stuff" will rocket as all the PRINTING catchs up.
Mike

I would argue Mike that this door has been closed long ago, in other words, the gravy is out.

As Faber is pointing out, one has to realize that banks have the full support of the Central Banks (Finster also pointed out that they are on high alert) and banks also have access to "free" money given that rates are now zero.

Hard not to make a little bit of money or *gasp* go bankrupt given these conditions.