Sunday, September 13, 2009

Insider Stampede

Coupled with rising gold price what does this say for equities a year out.
clipped from money.cnn.com

Insiders sell like there's no tomorrow

Insiders sell l

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

nsiders be wrong?

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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