Insider Selling To Buying: 2,341 To 1

[MadJack]

http://www.zerohedge.com/article/insider-selling-buying-2341-1


Insider Selling To Buying: 2,341 To 1
Submitted by Tyler Durden on 10/05/2010 13:46 -0500

Best BuyGoogleInsider Selling


Sorry kids, we just report the news... as ugly as they may be. After last week saw an insider selling to buying ratio of 1,411 to 1, this week the ratio has nearly doubled, hitting a ridiculous 2,341 to 1. And while Wall Street's liars and CNBC's clowns will have you throw all your money into "leading" techs like Oracle and Google, insiders in these names sold a combined $200 million in stock in the last week alone (following Oracle insider sales of $223 million in the prior week). Insiders can. not. wait. to. get. out. fast. enough. This Fed-induced rally is nothing short of a godsend for each and every corporate executive. But yes, there may be value: there was insider buying in 2 (two) companies last week: General Dynamics and Best Buy, for a whopping total of $177,064. At the same time sales were a total of $414 million: so is anyone wondering why JPMorgan is reopening its gold vault... Anyone left holding the bag on this market when the FRBNY props are taken away, will be left with the same return as all those investors who entrusted their money with Madoff. Guaranteed.

 

[Woodson]

You do grasp the name Tyler Durden?


http://www.wwtdd.com/

 

[The Joker]

I did.





Hey Woody - "Like a monkey ready to be shot into space."

 

[DOGS THAT BARK]

another unusual--and scarey stock related story.

The flash crash back in may per stop loss orders

http://seekingalpha.com/article/228051-the-dark-side-of-stop-loss-orders

 

[Captain Crunch]

22nd Weekly Outflow From Mutual Funds Contradicts Earlier Statement From Bob Pisani

Submitted by Tyler Durden on 10/06/2010 15:45 -0500

It is not at all surprising that ICI's latest weekly flow report confirms what everyone with half a brain has known for a long time: the 22nd weekly outflow from domestic mutual funds is now in the history books. One more month, and we will have had an unprecedented 6 months of consecutive outflows, even as the market continues to levitate ever more incredulously on nothing but Fed POMO action (and Brian Sack's much more stealthy "collaboration" with Citadel), vacuum tube upward feedback-loop momentum on no volume, and the custodian banks' terrorist forced buy-in action in ETFs like SPY and IWM. Absent these three factors stocks would have been around 50% lower. In the meantime, and contrary to what CNBC was misrepresenting on national TV, the 22 weeks of consecutive outflows now amount to $76 billion in capital taken out by retail investors from domestic stock funds, and $75 billion YTD. And here is the scariest statistic for the administration, the Fed, and bankers around the world: in September $20 billion was pulled out from domestic stocks. This occured despite the nearly 9% surge in stocks. Which means that the bankers, the HFTs, the Fed, and whoever else may be accumulating stocks in expectation of retail jumping in for the latest round of passing the hot potato, is out of luck. With the failure of this latest attempt to sucker retail "dumb" money into stocks, cannibalization time for the big boys has finally arrived. Have fun passing the steaming bucket of explosive feces to each other, boys.

 

[Captain Crunch]

Foodstamp Usage Climbs To New All Time Record Highs

Submitted by Tyler Durden on 10/06/2010 09:22 -0500

July foodstamp has just climbed to a new all time high. According to the Supplemental Nutrition Assistance Program (SNAP) at the Food and Nutrion Service, July foodstamp usage rose 1.4% from June, hitting a new record of 41.8 million, and 17.5% higher than the 35.6 million on assistance from a year ago. Participation has set records for 20 straight months. And it gets worse: as per BusinessWeek: "An average of 43.3 million people, more than an eighth of the population, will get food stamps each month in the year that began Oct. 1, according to White House estimates." Somehow we get the feeling these almost 42 million people will have little to no use of discount window or excess liquidity usage once gas hits $10 a gallon, nor will Dow 11,000, 12,000, or even 36,000 do all that much to shorten the soup kitchen lines.

 

[Captain Crunch]

Deconstructing POMO As Fed Becomes The Second Largest Holder Of US Treasurys In The World

Submitted by Tyler Durden on 10/06/2010 08:43 -0500

With today being yet another POMO day, it is only fitting to do the definitive summary of how the Fed's Open Markets Group distorts various asset classes with its liquidity ramps........ Incidentally, today is the day the Fed will likely overtake Japan as the second largest holder of US Treasurys. Recall that Japanese holdings of US paper were $821 billion as of July. Well, as of September 30, the Fed held $811.7 billion in Treasurys, and in the days following, there were two POMOs: one for $5.2 billion and one for $2.2 billion, bringing its total to $819.1 billion. Which means that if today's POMO operation, which launches imminently, is larger than $2 billion, the Fed will become the second largest holder of US paper in the world. And it won't stop there: China is merely $25 billion away. At a run rate of $10 billion in POMO purchases per week, the Fed will be the largest holder of US Treasuries in the world before the midterm elections.