Thursday, December 7, 2006
Stock market crash coming soon
Bosses in rush to sell their shares
Company directors on both sides of the Atlantic are cashing in their shareholdings in the biggest flight for safety since before the 1987 stock market crash. The value of boardroom sales in November outpaced purchases in both the US and Britain by a factor of more than 60 to one.
Posted by sold 2 rent 1 @ 09:32 AM (527 views)
6 thoughts on “Stock market crash coming soon”
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george monsoon says:
No surprises there then….
waitingfor hpc says:
Nope… to be expected. They know exactly what is going on.
Chillilizard says:
Ok – so where are they putting their money then?
As far as I can tell, the sock market devalued quite a bit in 2004 as people transferred their money into houses. It is now reaching the same highs it reached during the dotcom boom. If inflation strikes, then holding cash is out, which seems to be happening. The stock market seems to be the place 2 me.
Rush to gold????
Cstanhope707 says:
Signs are all there look for lower Retail figures this means that as the cost of living goes up the money for other goods and services goes down. This is Basic Economics really sadly though too many stupid people out there that are about to get fingers burnt big time.
This retail XMAS period will be very very intersesting……
Blindleadtheblind says:
Distribution from strong hands to weak. A double wammy for Joe average. Crippled by inflation and a deminishing pension / endowment plan.
daopig says:
I remember reading the story here last week that the next bubble could be in commodities. Not sure how accessible this is to professional fund managers. You would expect that different traders have different specialities, so there won’t be any sudden stampede. Can’t yet see how ‘going liquid’ is going to be a refuge in the face of inflation that is currently hiding in real estate.