The negative trends in insider buying and selling continued this week as insiders sold a total of $896mm in stock and purchased just $6.3mm. Both were up from last week’s readings of $824MM in selling and the annual low in buying of $2.1MM. The 4 week trailing average of purchases remains near its recent lows.
As we’ve previously mentioned, this is a vote of no confidence in the sustainability of the long-term recovery as insiders simply refuse to use their own dollars to buy into this rally.
Read Some Related Articles on Pragmatic Capitalism -
Fading Magazine Covers....
"In our latest survey, 74% of money managers identify themselves as bullish or very bullish about the prospects for U.S. stocks -- an all-time high for Big Money, going back ...read more
Bullish Sentiment Declines
Bullish sentiment, expectations that stock prices will rise over the next six months, fell 2.9 percentage points to 35.5%. This is the third consecutive weekly decline. It also puts optimism ...read more
Air Cargo Indicator: The Global Economy is Contracting
I guess we can file this in the folder of randomly negative macro indicators: ...read more
Is The Volatility Index Really That Low?
One thing we keep seeing all over the place is how the VIX (volatility index) is so low and that this means the market is extremely complacent and therefore on ...read more