Insiders are selling stock like it's 2007
Source: CNN
The leaders of Corporate America are cashing in their chips as doubts grow about the sustainability of the longest bull market in American history.
Corporate insiders have sold an average of $600 million of stock per day in August, according to TrimTabs Investment Research, which tracks stock market liquidity.
August is on track to be the fifth month of the year in which insider selling tops $10 billion. The only other times that has happened was 2006 and 2007, the period before the last bear market in stocks, TrimTabs said.
Investors often view insider buying and selling — transactions performed by top executives, leading shareholders and directors — as a signal of confidence. Even though the stock market is much larger than it was in 2007, so the $10 billion mark may not mean as much now as it did then, the acceleration of insiders heading for the exits could indicate concern about the challenges ahead, especially as the US-China trade war threatens to set off a recession.
Read more: https://www.cnn.com/2019/08/26/investing/stock-market-insider-selling/index.html
If the insiders are getting out of Dodge, maybe everybody should.
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I am sure the people managing our mutual funds and pensions won't use our money to soak up the upcoming losses while their big, wealthy account holders do a dine & dash.
I'm sure you are correct.
Where do you reside in Minnesota? I am in Oakdale.
They know what he's doing to tweet before he does
