Insiders sell like there's no tomorrow...

peaceandlove · 09-12-2009, 04:33 AM

Insiders Dumping Stocks 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
September 11, 2009: 7:27 AM 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.

While a wave of insider selling doesn't necessarily foretell a stock market downturn, it suggests that those with the first read on business trends don't believe current stock prices are justified by economic fundamentals.

Continues and Video: http://money.cnn.com/2009/09/10/news...ion=2009091107

SOURCE for Article: http://www.rense.com/

09-12-2009, 04:33 AM	#1
peaceandlove Avalon Senior Member Join Date: Sep 2008 Location: Turtle Island Posts: 2,776	Insiders sell like there's no tomorrow... Insiders Dumping Stocks 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 September 11, 2009: 7:27 AM 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. While a wave of insider selling doesn't necessarily foretell a stock market downturn, it suggests that those with the first read on business trends don't believe current stock prices are justified by economic fundamentals. Continues and Video: http://money.cnn.com/2009/09/10/news...ion=2009091107 SOURCE for Article: http://www.rense.com/ Last edited by peaceandlove; 09-12-2009 at 06:19 AM.