LM;; IITS;; Everyone Is Rushing Out Of Market: Insider Selling Hits All Time Record Of $4.5 Billion In Prior Week (Zh 2010-11-11)

Everyone Is Rushing Out Of Market: Insider Selling Hits All Time Record Of $4.5 Billion In Prior Week
November 11th, 2010
by zh

The market usually tanks when everyone thinks things will go on forever. This time it is indeed different. Everyone has had 2 years to get ready for our impending economic collapse and no one wants to a bath.

Insiders have officially marked the top of the stock market: last week’s insider selling of all stocks (not just S&P) hit an all time record of $4.5 billion. This is the biggest weekly number ever recorded by tracking company InsiderScore.com: as Sentiment Trader highlights no other week before had more than $2 billion in net selling. Furthermore, selling in just S&P companies hit a whopping $2.8 billion: over 4 times more than the week prior! As such the ratio of insider selling to buying is now meaningless. Even Bloomberg, which traditionally just posts the data without providing commentary to it, highlighted this ridiculous outlier: “Insider selling at Standard & Poor’s 500 Index companies reached a record in the past week as executives took advantage of a two-year high in the stock-market to sell their shares.” We hope those retail investors who dared to reemerge in the stock market and play some hot potatoes with the big boys, enjoy their brief profit as they once again end up being the biggest fools.



Here is a stunning chart of insider trading activity, courtesy of SentimentTrader:



And this is what insider buying to selling in the S&P looked like last week. LOL.


http://investmentwatchblog.com/everyone-is-rushing-out-of-market-insider-selling-hits-all-time-record-of-4-5-billion-in-prior-week/