Saturday, 02 March 2013 17:23

Insider Selling-To-Buying Hits Record As Biderman Welcomes "The New Recession"

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Off the World News Desk:

Insider Selling-To-Buying Hits Record As Biderman Welcomes "The New Recession"

“Following December's aberrant jumps thanks to tax hike concerns, after-tax wages and salaries (net of inflation) have been shrinking year-over-year since the second week in January. But it gets better, withheld income and employment taxes have been running about 8.3% higher year-over-year. While retail is being told to buy-buy-buy, Biderman exclaims that "insiders at U.S. companies have bought the least amount of shares in any one month," and that the ratio of insider selling to buying is now 50-to-1 - a monthly record. "So far the mass delusion is holding."”

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Do you need any more convincing to get out of the markets, right now?

As I said the other day, we are in the “pump and dump” phase of the “recovery”, i.e., the crest of the wave in the stock markets from the 2009 lows. That wave is about to break.

Now we have the best single warning yet that a crash is imminent, and that is record setting insider selling. The insiders all know the bottom is about to drop out, or why else would they be selling the stock of their own companies?

Prepare, and protect yourself as best you can. - Wes

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