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Rats and ships - How does that go again?

The rats are leaving the stinking ship? Something like that.


By Colin Barr, senior writer
Last Updated: September 11, 2009: 7:27 AM ET

NEW YORK (Fortune) -- Can hundreds of stock-selling insiders be wrong?

The stock market has mounted an historic rally since it hit a low in March. The S&P 500 is up 55%, as U.S. job losses have slowed and credit markets have stabilized.

But against that improving backdrop, one indicator has turned distinctly bearish: Corporate officers and directors have been selling shares at a pace last seen just before the onset of the subprime malaise two years ago. [...]

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I wonder what they're buying

I don't think they would just let it sit in a weak dollar, maybe foreign stocks? Maybe gold? Oil?

"In the capitalist society there is a place and bread for all. Its ability to expand provides sustenance for every worker. Permanent unemployment is not a feature of free capitalism." - Mises - www.mises.org

"Endless money forms the sinews of war." - Cicero, www.freedomshift.blogspot.com

SteveMT's picture

silent: You are right about that. Commodities!

Tangible items or commodity stocks is where they are headed. There will be no way to get out fast enough when this market tanks. The insiders sell their stock first, and the people who were enticed into this market get left holding the empty bag....again.