AvidFan Posted September 1, 2010 Share Posted September 1, 2010 http://www.cnbc.com/id/38935380 In a move that may reflect a growing unwillingness to tie their personal fortunes to those of their companies, Wall Street insiders this year have undertaken more than five times the number of stock sales of their corporate shares as they have purchases.Officers and directors of Goldman Sachs, J.P. Morgan, Citigroup, and Wells Fargo have sold about $100 million worth of stock so far this year, amid relatively small buying activity, according to public stock filings with the U.S. Securities and Exchange Commission that have been analyzed by the research firm InsiderScore. .../ Uh oh... Quote Link to comment Share on other sites More sharing options...
Timm Posted September 1, 2010 Share Posted September 1, 2010 Are they selling stocks or buying money though? Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted September 1, 2010 Share Posted September 1, 2010 Have they sold them to the black boxes? It's not like they've got dodgy accounts is it. Quote Link to comment Share on other sites More sharing options...
Realistbear Posted September 1, 2010 Share Posted September 1, 2010 FTSE 100( FTSE: ^FTSE / ISIN GB0001383545 ) Index Value: 5,298.54 Trade Time: 12:34pm Change: 73.32 (1.40%) There is a rabid frenzy of buying in London. Must be because someone thinks the troubles, like summer, are all behind us now? Quote Link to comment Share on other sites More sharing options...
AvidFan Posted September 1, 2010 Author Share Posted September 1, 2010 FTSE 100( FTSE: ^FTSE / ISIN GB0001383545 ) Index Value: 5,298.54 Trade Time: 12:34pm Change: 73.32 (1.40%) There is a rabid frenzy of buying in London. Must be because someone thinks the troubles, like summer, are all behind us now? No, it's because the European indexes are all just about into single digit P/E's but the US ones are all still double digit. If you want to be in equities, maybe you should be in European ones? Quote Link to comment Share on other sites More sharing options...
Realistbear Posted September 1, 2010 Share Posted September 1, 2010 No, it's because the European indexes are all just about into single digit P/E's but the US ones are all still double digit. If you want to be in equities, maybe you should be in European ones? The problem: 1. You woud be holding Euros 2. Stocks are not good things to be holding if a double dip is underway. I hold no equities in my STR fund and about 3% in my retirement fund as I do believe a correction of some magnitude is overdue to reflect the reality that there is still a lot of debt around and a doube dip is locked in and coming from the US. Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted September 1, 2010 Share Posted September 1, 2010 The problem: 1. You woud be holding Euros 2. Stocks are not good things to be holding if a double dip is underway. I hold no equities in my STR fund and about 3% in my retirement fund as I do believe a correction of some magnitude is overdue to reflect the reality that there is still a lot of debt around and a doube dip is locked in and coming from the US. Course there is a lot of debt around...we still have a monster banking system. Quote Link to comment Share on other sites More sharing options...
MinceBalls Posted September 1, 2010 Share Posted September 1, 2010 Course there is a lot of debt around...we still have a monster banking system. Is the monster brown and sloppy? Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted September 1, 2010 Share Posted September 1, 2010 Is the monster brown and sloppy? I dont know what colour it is, but I do know it is sucking the life blood from the real economy. Quote Link to comment Share on other sites More sharing options...
easy2012 Posted September 1, 2010 Share Posted September 1, 2010 The problem: 1. You woud be holding Euros 2. Stocks are not good things to be holding if a double dip is underway. I hold no equities in my STR fund and about 3% in my retirement fund as I do believe a correction of some magnitude is overdue to reflect the reality that there is still a lot of debt around and a doube dip is locked in and coming from the US. Don't underestimate how far Bernake will go in desperation.... Further, the money printed (oh sorry.. double digit money supply growth against 5% or so GDP growth) during the last decade are now moving into the real world as people sell stocks to buy food, cash their CD to pay heating/electric bills etc (though at low velocity for now and nobody knows when the velocity is going to come back up) Quote Link to comment Share on other sites More sharing options...
Tiger Woods? Posted September 1, 2010 Share Posted September 1, 2010 (edited) FTSE 100( FTSE: ^FTSE / ISIN GB0001383545 ) Index Value: 5,298.54 Trade Time: 12:34pm Change: 73.32 (1.40%) There is a rabid frenzy of buying in London. Must be because someone thinks the troubles, like summer, are all behind us now? Good US ISM Manufacturing index bumped Dow and S&P, hence this reflected in European markets. Generally, major moves in London are about US news and have little to do with what is going on here. The two markets move in step quite tightly most of the time. Edited September 1, 2010 by Tiger Woods? Quote Link to comment Share on other sites More sharing options...
Realistbear Posted September 1, 2010 Share Posted September 1, 2010 (edited) If the CEOs are selling someone else has been driven into a stock buying frenzy: FTSE 100 5352.93+2.44% Dow Jones 10258.72 244.00 +2.44% With buyng at this level someone must have cancelled the double dip...again. Edit: I see, it bullish news from the US pushing the market up: http://uk.finance.yahoo.com/news/us-private-employment-slips-for-first-time-in-7-months-afp-e524a18f4453.html?x=0 US private employment slips for first time in 7 months 15:25, Wednesday 1 September 2010 US private sector employment dropped in August for the first time in seven months, signaling a weakening economic recovery, payrolls firm ADP (Paris: FR0010340141 - news) said Wednesday Edited September 1, 2010 by Realistbear Quote Link to comment Share on other sites More sharing options...
Pauly_Boy Posted September 1, 2010 Share Posted September 1, 2010 It finished up 2.7% This on a day when the manufacturing news was worse than expected! You just can't make the sh*t up. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted September 1, 2010 Share Posted September 1, 2010 The PPT obviously buy on bad news days to hold up the market. Very worrying that this is allegedly going on - how bad things must truly be? Quote Link to comment Share on other sites More sharing options...
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