The Running of the Insider Bulls
Insiders are buying heavily into the latest dip in equities. But anyone using that data point as an indication that this correction is nearing a bottom will likely be very disappointed.
It's normal for insiders to buy into market weakness, since they naturally see more value in suddenly weaker shares while having fewer profits to take. Overall insider buying is still well below levels that other serious corrections have bottomed at, however. Frankly, I still believe the odds favor further downside unless another round of quantitative easing is announced. As I pointed out in my last column, it's tough for a loose-money stock rally to continue when the loose money ends....482 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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