Tyler Durden on the continued disbelief from Insiders. They continue to be pessimistic about their firm’s futures. Of course there is no need to worry because Washington has the “big recovery” propaganda rolled out.
Isn’t it amazing that Washington knows better than insiders about the insiders’ own firms. Now that is hubris, desperation, a dumb bluff or all of the preceding.
For all those who thought last week‘s “dramatic” improvement in the ratio of insider selling to buying from 650:1 to “just” 290:1 was a sign things are turning and insiders may soon be selling only 100 or so times more stock per week than buying, we have some bad news. According to Bloomberg, the latest ratio of insider selling to buying was 1,411 to 1. Let us repeat: 1,411 to 1. Needless to say, corporate insiders are totally buying the Fed reflation story, and the economic recovery. Like, totally.
