Insiders dumping stocks with both hands!............from Rico

Gee, a big NO CONFIDENCE vote on what lies ahead from insiders? Gee, what a surprise! I'm shocked, SHOCKED I tell you!!

Banks have long-ago "quit" lending and are hoarding cash, States and Municipalities are defaulting and/or bankrupt, and now insider equity sales have jumped. Guess that means financial TV and the Minstry of Truth are right...we've all been saved! Happy days are here again!
- Guess if I REALLY believed what they are saying, I'd be loading up on municipal bonds and Treasurys and more equities in the broad market instead of looking at offshore retirement tax-havens like the insiders are doing!

Those "bailouts" and the other efforts to "save" us have SURE worked well!!!!!!
- Just like putting out fire with gasoline [unless that is just what is intended; read: burning down the house]??

Mike Zaman writes........
'Top Executives, including CEO’s, Directors, and primary officers at Citi, Chase, Morgan Stanley, Costco, JB Hunt, Kaiser Aluminum, Carmax, Blockbuster Video, Winn-Dixie, Mattel, and of course Goldman Sachs are dumping their holdings.

For the week that ended on July 22, insider sales at 78 large companies was $447 billion - stock valued at nearly ONE-HALF OF ONE TRILLION DOLLARS was dumped onto the market in a single week!

Just as disturbing: The average stock liquidation per company official was $5.7 million.

Even as Wall Street asserts that you should be scooping up stocks with both hands, they are dumping theirs!

If I held shares in any of these companies, I’d be dumping them, too!'