Sorry....:D
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For those who think insider buying is good sign this a bit of bad news
@LizAnnSonders
Corporate buybacks picking up but company officers are showing less enthusiasm…in first 2 weeks of new year, total of 1,000 insiders sold stock while only 128 made purchases—sending sell-to-buy ratio to its highest in data going back to 1988 @WashServ @Bloomberg
No idea what it means but it came with this chart
Many are obsessed with insider buying is great stuff but insider selling is bad ....so much so many seem to follow what insiders do. Just my observation so I thought what happening in US could be an useful indicator.
Could be selling because higher taxes are coming
Just keep in mind the old saying,"There are many reasons why insiders sell,but only one reason they buy."
Jeremy Grantham a old time guru. Recent piece of his “Waiting for the Last Dance” is quite good.
Probably right when he says -
The one reality that you can never change is that a higher-priced asset will produce a lower return than a lower-priced asset. You can’t have your cake and eat it. You can enjoy it now, or you can enjoy it steadily in the distant future, but not both – and the price we pay for having this market go higher and higher is a lower 10-year return from the peak.”
But some (maybe many) would say he’s an old guy who just doesn’t get it that this time is different.
https://www.gmo.com/australia/resear...he-last-dance/