Why the insiders have quit buying stocks
Commentary: The ratio of insider sales to purchases has jumped
By Brett Arends, MarketWatch
BOSTON (MarketWatch) — Something ominous is happening on Wall Street, but nobody has noticed.
The insiders have vanished.
Chief executives. Board members.
The head honchos. The people who know.
Just a few weeks ago, they were out in force, buying up shares in their own companies with both hands.
No longer. They’ve disappeared. Almost overnight.
“They’ve stopped buying,” says Charles Biderman, the chief executive of stock market research firm TrimTabs, which tracks the data. “Insiders aren’t buying this rally.”
Insider stock purchases, which surged above $100 million a day in the market slump last month, have now collapsed to just $13 million a day.
Meanwhile the ratio of insider sales to purchases has skyrocketed. Today insiders are dumping $7 in stock for each $1 that (other) insiders are buying. That’s a worrying ratio. Six weeks ago the amounts of purchases and sales were about equal.
It’s the kind of news that should give investors pause.
What insiders do with their own money is one of the stock market’s best barometers.
After all, who better than company executives know their own order books? Who knows the conditions in their industry better?
You find insiders typically buying heavily at the market lows — they did in 1987, in 1998, and they did during the financial crisis in 2008-9.
(You also typically find them cashing out big-time at the peak)
They are taking their wealth and are headed underground, along with other high ranking politicians, world leaders, and NASA officials. The POTUS will be in Denver (along with NASA) on Sep. 27th, home of one of the most sophisticated underground bunkers in the world (cleverly disguised as the Denver Airport). Those of you who have been following Elenin’s path (I’m no longer referring to it as a comet because it’s existence may be something far beyond our terrestrial comprehension) know the significance of this date and the devastation it might bring. Between the massive drills, TPTB exodus, solar flares, cosmic alignments, and other warnings it is clear to see that something very significant, and perhaps earth changing, is going to happen over the course of this week…AND THEY KNOW IT!
I find solace in the Hopi prophecy which states: “It is only materialistic people who seek to make shelters. Those who are at peace in their hearts already are in the Great Shelter of Life. There is no shelter for evil. Those who take no part in the making of world division by ideology are ready to resume life in another world, be they Black, White, Red, or Yellow race. They are all one, brothers.”
Take care and prepare,
God bless
financially down another level and now the show is set on a palestinian state (vs zion of course), china’s pissed off with the financial situation and what not……
more heated tensions for the world leaders, i suggest they soak a kitchen towel and place it on their forehead, the people can’t afford to suffer a winners take all for an all out war.
this is definitely the time to grab your pop corn and no need to wear your 3D glasses, ironically while the show is all a hoax fore it is a pretext for the worst to come, sadly though virtually the blood and emotional breakdown is real.