Rats and ships - How does that go again?Submitted by Jive Dadson on Fri, 09/11/2009 - 08:58
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. [...]