All Posts (10732)
Sort by
Presented by Gareth Soloway February 06, 2013 12:36PM
Over the last week, the Dow Jones Industrial Average closed above 14,000 for the first time since 2007. The party on Wall Street is in full swing as it appears nothing can take this market lower. Average investors have been putting money into the markets at a $18 billion clip per week, the most since 2002. Every analyst and media member is insanely bullish...
Yet why are insiders dumping like crazy? Since Dow 14,000, insiders have been selling stocks at a 9 to 1 ratio. That is extremely lopsided.
So who is right? The retail investor who always buys near the tops and the media who pumps like crazy for ratings? Or those inside their companies who know the real deal? Hmmm. Ponder that one for a little while.
Related: SPDR S&P 500 ETF Trust (NYSEARCA:SPY), SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA), PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ), ProShares UltraShort S&P500 (ETF) (NYSEARCA:SDS) and ProShares UltraShort QQQ (ETF) (NYSEARCA:QID).
Gareth Soloway
Chief Market Strategist
Yet why are insiders dumping like crazy? Since Dow 14,000, insiders have been selling stocks at a 9 to 1 ratio. That is extremely lopsided.
So who is right? The retail investor who always buys near the tops and the media who pumps like crazy for ratings? Or those inside their companies who know the real deal? Hmmm. Ponder that one for a little while.
Related: SPDR S&P 500 ETF Trust (NYSEARCA:SPY), SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA), PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ), ProShares UltraShort S&P500 (ETF) (NYSEARCA:SDS) and ProShares UltraShort QQQ (ETF) (NYSEARCA:QID).
Gareth Soloway
Chief Market Strategist
