Barry Ritholtz. Corporate insiders don’t seem to believe that a bull market is coming any time soon. On the contrary.
“Nobody ever sold a stock because they thought it would go up. And as a group, corporate insiders obviously are scarcely enthusiastic about the prospects for a genuine bull market.”
Or so said Alan Abelson in this week’s Barron’s.
Is he right? How fallible are the CEOs, CFOs, and other execs regarding their own firm’s prospects? Consider:
“If those now infamous shoots of recovery are popping up all over, why would insiders be so aggressively dumping stocks?
Yet, they indisputably are. …