Insiders Exit Shares at the Fastest Pace in Two Years (Update2)
22/06/2009 § Leave a comment
Sales by CEOs, directors and senior officers have accelerated to the highest level since June 2007, two months before credit markets froze, as the S&P 500 rebounded from its 12-year low in March. The increase is making investors more skittish because executives presumably have the best information about their companies’ prospects.
This tidbit lays waste to the lie that nobody saw the crash coming! Let’s see if they try the same excuse this time.