Stocks Up 2% as Insider Selling:Buying Hits 2341 to 1
October 5, 2010 Leave a Comment
Sorry kids, we just report the news… as ugly as they may be. After last week saw an insider selling to buying ratio of 1,411 to 1, this week the ratio has nearly doubled, hitting a ridiculous 2,341 to 1. And while Wall Street’s liars and CNBC’s clowns will have you throw all your money into “leading” techs like Oracle and Google, insiders in these names sold a combined $200 million in stock in the last week alone (following Oracle insider sales of $223 million in the prior week). Insiders can. not. wait. to. get. out. fast. enough. This Fed-induced rally is nothing short of a godsend for each and every corporate executive.
I’m glad to be out of stocks and bonds. Too much manipulation and double dealing.