Insiders are selling like crazy !!!

7/30/09

Despite more and more people calling this is brand new bulls market and economy is running V-shape turn around. Let's read the following:

""Executives in charge of the largest US companies sent a signal of their concerns by selling far more shares than they bought this month, according to data based on Securities and Exchange Commission filings.

Share sales by so-called company insiders are outstripping purchases so far this month by more than 22 times. TrimTabs, the investment research company, said insiders of S&P 500 listed companies have unloaded $2.6bn in shares in June, compared with $120m in purchases.

“The smartest players in the US stock market – the top insiders who run public companies – are not betting their own money on an economic recovery,” said Charles Biderman, chief executive of TrimTabs.""

My comments: Here you go!! Actually, more insiders are selling into this giant rebound rally and the ratio is even higher than the highs of last bulls market 2007. So, what do you think?! Do those insiders are indeed in deep trouble and in hurry to get cash??! Majority of them are rich people and they make million dollars every year. If people believe this is historical low level to buy stocks, why are they keep selling?! Do you get it make sense at all?? It is very simple that even most of them do not believe their stocks value will go up in next few years and so are their business, also no recovery for us economy as well. Right?! Technically, stock markets are running like super bulls, and fundamentally, it is like running our next year GDP will post 4% or above. However, many economists are now predicting our recovery is very very slow and close to 1% GDP growth at most. Hmmm...well...here you go those damn economists. Make your own thoughts. I do not believe we will see any recovery at all. Good luck!!