{"id":185170,"date":"2011-09-21T18:28:00","date_gmt":"2011-09-21T23:28:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2011\/09\/21\/uh-oh-2\/"},"modified":"2011-09-21T18:28:00","modified_gmt":"2011-09-21T23:28:00","slug":"uh-oh-2","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2011\/09\/21\/uh-oh-2\/","title":{"rendered":"Uh Oh\u2026\u2026\u2026"},"content":{"rendered":"<p>It looks like <a href=\"http:\/\/www.marketwatch.com\/story\/why-the-insiders-have-quit-buying-stocks-2011-09-21?reflink=MW_GoogleNews&amp;google_editors_picks=true\">company insiders have stopped buying their stocks<\/a>:<\/p>\n<blockquote style=\"color: blue;\"><p>Chief executives. Board members.<\/p>\n<p>The head honchos. The people who know.<\/p>\n<p>Just a few weeks ago, they were out in force, buying up shares in their own companies with both hands.<\/p>\n<p>No longer. They\u2019ve disappeared. Almost overnight.<\/p>\n<p>\u201cThey\u2019ve stopped buying,\u201d says Charles Biderman, the chief executive of stock market research firm TrimTabs, which tracks the data. \u201cInsiders aren\u2019t buying this rally.\u201d<\/p>\n<p>Insider stock purchases, which surged above $100 million a day in the market slump last month, have now collapsed to just $13 million a day.<\/p>\n<p>Meanwhile the ratio of insider sales to purchases has skyrocketed. Today insiders are dumping $7 in stock for each $1 that (other) insiders are buying. That\u2019s a worrying ratio. Six weeks ago the amounts of purchases and sales were about equal.<\/p>\n<p>It\u2019s the kind of news that should give investors pause.<\/p>\n<p>What insiders do with their own money is one of the stock market\u2019s best barometers. <\/p><\/blockquote>\n<p>Gee, you think?<\/p>\n<p>But \u2026\u2026\u2026 That would mean \u2026\u2026\u2026 That our noble captains of industry are using their internal knowledge of their businesses to derive an undeserved profit!<\/p>\n<p>As the saying goes, &#8220;If you sit in on a poker game and don\u2019t see a sucker, get up. You\u2019re the sucker.&#8221;<\/p>\n<p>Time to get out of the big casino if you are in.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It looks like company insiders have stopped buying their stocks: Chief executives. Board members. The head honchos. The people who know. Just a few weeks ago, they were out in force, buying up shares in their own companies with both hands. No longer. They\u2019ve disappeared. Almost overnight. \u201cThey\u2019ve stopped buying,\u201d says Charles Biderman, the chief &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[970,1004,1089],"tags":[],"class_list":["post-185170","post","type-post","status-publish","format-standard","hentry","category-corruption","category-finance","category-recession"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/185170"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=185170"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/185170\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=185170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=185170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=185170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}