Comments on: INSIDERS CONFIRM THAT THE RALLY IS FAKE, ECONOMY IS “GETTING WORSE”

By: Louis T

Louis T — Mon, 12 Oct 2009 23:11:04 +0000

It is well known that Arthur Blank(owner of the NFL’s Atlanta Falcons) and Bernard Marcus are the co-founders of The Home Depot. Anybody else representing themselves as having done so is a pure charlatan. This article is pure garbage.

By: google1

google1 — Mon, 12 Oct 2009 18:48:29 +0000

If you look at the list of those selling insiders shares? They are crap or way over priced companies.

Not a single company is in the S&P 500

This article is crap….no real value

By: MiningJunkie

MiningJunkie — Sat, 10 Oct 2009 14:31:44 +0000

Until global central bank policies are all coordinated toward removing stimulus, the bubble will continue and these 30-something video-game trained kids will use the mo-mo trade to bid it all up. Heaven help the margin accounts when the lights get turned out.

By: DH

DH — Tue, 06 Oct 2009 14:31:35 +0000

What I’m hearing reminds me of the way I felt as the real estate bubble expanded. Interest rates were low, so real estate prices took a leap. I thought the Fed would increase interest rates to compensate, but instead they dropped rates lower and real estate prices went higher. Every year I was sure the madness would stop, but it was almost 10 years before the bubble exploded.

The fact that insiders are selling so much more stock than they are buying is interesting. But how many months or years will pass before the word get out and the market bubble explodes? I’m in for the ride.

By: TPC

TPC — Tue, 06 Oct 2009 02:50:40 +0000

Otter,

Thanks for the compliment. Glad you’re enjoying the site. I am here to help as best I can…

By: Van

Van — Tue, 06 Oct 2009 02:20:21 +0000

I noticed that also, except it bottomed in Dec 08 whereas the market bottomed in March. It also bottomed in late 01 and the market didn’t bottom until Mar 03.
It’s stuff like this piece from BR that keeps me up at night:

http://www.ritholtz.com/blog/2009/10/what-follows-record-setting-dow-quarters/

By: Otter

Otter — Tue, 06 Oct 2009 02:12:17 +0000

TPC – read some of the links/your comments to the rail data (and your tables/analysis) posted on ZH this weekend, I just wanted to say your site and your work is some of the best out there…plus the added bonus of good reader/comment quality. Thank you for your work!

P.S. – I picked up on some of your comments how you are about as mystified as I am on the continued rally (overvaluation in fundamental terms) of equities & debt alike in this environment. With rail data and the Baltic Dry Index (two indexes that in my mind are some of the last remaining unmanipulated data points) continuing to swoon…something has to give in this false act….

I mean, good lord, the BDI is still down approx. 80% from its peak rates…meaning the incremental costs of shipping indicate massive over-supply of previously deployed capital in the system…and “rational” investors think fair value of today’s equities should only receive a haircut of approx. 35% of their peak value while defaults on previously deployed capital (in the form of residential/CRE loans) continue to be clogged in the banking system system (i.e. non-charged off non-performing loans) certainly lends massive credence to the “irrationality” argument as exemplified by some of your article/link postings today.

By: TPC

TPC — Tue, 06 Oct 2009 00:53:59 +0000

Van,

Doesn’t it seem like the ECRI has a VERY high correlation with the market? Is it actually a leading indicator of anything?

By: Van

Van — Tue, 06 Oct 2009 00:36:31 +0000

TPC,

Don’t know if you saw this…

http://www.businesscycle.com/reuters/freenews/2009/october/pdf/2y1zt8p5148gqc1.pdf

By: James

James — Mon, 05 Oct 2009 23:51:05 +0000

TPC nobody wants to be short here. Just remember that…me…I am going to open some put positions on the SPY etf tomorrow if we see things remain flat.