Monday, January 11, 2010

Insider Selling

The year has kicked off with a booming stock market bringing the euphoria to an even greater level.  Insiders (corporate board members that understand the true value of their companies) have purchased $4.5 million in company stock.

How much have they sold? $281 million.

They are selling at 62x the rate they are buying.  Unprecedented.

How much higher can the stock market go?  Much higher.  High enough for corporate insiders to offload 100% of their stock to average Americans as they come rushing back into the market.

Just in time for the next slaughter.

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