when the mcalvany report started talking about this story a month or so ago, the ratio of corporate officers and other insiders selling their own company's stock (as opposed to buying) was merely 10:1; now it's ballooned to 30:1.
last time this happened? you guessed it--right before the shit hit the fan two years ago.
my favorite line from the story:
"Adding to the flurry of stock sales, companies are selling stock to the public at a brisk clip while buybacks have tailed off."
p.t. barnum must be smiling in his grave.
No comments:
Post a Comment