Courtesy of Marketwatch online...http://www.marketwatch.com/story/better-watch-out-insiders-a...For the week that ended last Friday, [the corporate insiders'] sell-to-buy ratio for NYSE-listed shares listed stood at 6.67-to-1. That means insiders, on average, were selling nearly seven shares of their companies’ stock for every one that they were buying. One month ago, in contrast, the comparable ratio stood at 1.54-to-1. To put the current sell-to-buy ratio into a broader perspective, consider where it stood on those occasions this year when the stock market hit a high or low of more than just minor significance. Sell-to-buy ratio for NYSE-listed stocks :Early May high, just before May-June correction 7.11-to-1 Early October high, just before October-November correction 5.13-to-1 Latest week 6.67-to-1 Average over last 20 years 3.41-to-1 Early June low 2.01-to-1 Mid-November low 1.54-to-1 Maybe the insiders know something we don't know.Something having to do with next years' dividend announcements/adjustments......or perhaps, they're just selling on the news... the news that taxes are going up, that debt problems will not be fixed no matter what happens with the fiscal cliff, or perhaps just that record profit margins are not sustainable...Who knows?
Maybe the insiders know something we don't know.This week, the market appears to be betting on Congress making rational, reasonable, compromises, rather than being locked in ideology and obstructionism.When was the last time we saw rational, reasonable, compromise from Congress?Steve
Maybe the insiders know something we don't know.Perhaps they're concerned about the potential tax implications if they wait until next year to sell...
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