Monday, October 23, 2006

insider sales spiking / hussman

bei den kursen kein wunder..........

at this levels of the indices no wonder....

a nice find from hussman

In its latest weekly report, Vickers noted that among stocks traded on the NYSE, corporate insiders sold 6.50 shares for every share purchased, compared with a ratio of 3.02 the prior week. The 8-week average for NYSE/ASE listed stocks is now 3.94 and rising, with an 8-week ratio of 3.39 for the Nasdaq.

Insider selling isn’t a very precise indicator of near-term market action, but has a decent record of preceding flat or declining markets, often with a lead-time of several months.
http://www.hussmanfunds.com/wmc/wmc061023.htm

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