24:1 Insider Selling vs. Insider Buying...
That makes it 9 straight months of heavy insider selling
on Wall Street.
zerohedge.com
"What is there to say about the endless barrage of insider
sales that hasn't been said for 9 straight months before?
Insiders are selling into the never ending rally, as domestic
mutual funds have no equity inflows, yet stocks somehow
miraculously keep rising, providing yet more attractive exit
price points for directors and insiders.
In the past week insiders bought $18 million worth of stock
and sold $419 million.
There is no way to spin this data. There were no notable
buyers, while Nelson Peltz was vacating HNZ shares with a
vengeance, selling $30 million worth of the canned food maker.
Ralph Lauren also apparently wasn't too hot on Polo's
Spring/Summer collection."
--------
Why aren't Wall Street insiders drinking the Kool-Aid,
or smoking the greenshoots?
Maybe because of this...
1 in 7 U.S. mortgages is now delinquent, or in foreclosure,
and real unemployment is still 17%+.
And this...
brillig.com
U.S. National Debt: $12, 337.689,883,221.96
Your share: $40, 098.08
Daily increase in U.S. debt: $3.94 billion dollars per day.
And with the unfunded liabilities of Social Security, Medicare,
and Medicaid, the debt is:
$107 trillion+
usdebtclock.org
And that's $347,058.19 for every man, woman, and child in America.
SOTB
PS: Bill Gross dumped $34 billion of U.S. Treasuries
last month from Pimco's "Total Return" fund.
Of note, he's adding German Bunds...
businessinsider.com |
