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Hello everyone.
Heres an interesting story I came across today.
Corporate insiders are dumping stock in their companies at a rate not seen in 10 years.
With September not yet over, stock sales by company executives reached $5.7 billion, according to data from TrimTabs Investment Research -- the highest September in a decade. August's $10.3 billion in insider sales also reached a 10-year record.
At the same time, stock buybacks are roaring ahead, pumping up U.S. share prices to new heights. Companies this year have announced $827 billion in spending to purchase their own shares -- well above the buybacks that took place during all of 2007, which set the previous annual record.
Seems to me that we have a case of the rats jumping off the ship at the minute!
Ok down to business.
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