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Do “Insiders” Know More Than Us?

StocksToday’s article discusses “Insiders,” who are they and why do we care? According to the article, they aren’t buying stocks, and it may be bad news for the rest of us. Here’s what they had to say, “Typically, when the stock market tanks like it did in late August and September, top management will jump at the opportunity to buy cheap stock. It’s the ultimate sign of confidence they believe better days are ahead. But that’s not what’s happening. “I’ve been very surprised,” says David Santschi, CEO of TrimTabs Investment Research. “We were looking for a big pick up in insider buying. We didn’t see it.” Enthusiasm from insiders has evaporated as the market dropped. It’s a cautionary sign.” To read more, CLICK HERE.