Thursday, Sep 10, 2009
What do they know?
Cnn: Insiders sell like there's no tomorrow
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.
Posted by mark @ 10:13 PM (250 views) Add Comment
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