Wednesday, October 27, 2010

Smart money hits the exit

Insider Selling Volume at Highest Level Ever Tracked
CNBC.com | October 26, 2010 | 02:26 PM EDT

The overwhelming volume of sell transactions relative to buy transactions by company insiders over the last six months in key leading sectors of the market is the worst Alan Newman, editor of the Crosscurrents newsletter, has ever seen since he began tracking the data.
Source
Comment: Insider selling, a timely indicator. I dare to say that the moment is approaching when it will be the last chance in decades to get rid of shares and bonds at a reasonable price.

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