Jeff Saut Asks “What Do Insider-Sellers Know That We Don’t Know?”
Via Jeff Saut of Raymond James,
ZeroHedge.com
Mar 7, 2017
Andrew and I are at the 38th Annual Raymond James Institutional Investors Conference in Orlando, where there will be some 1,000 portfolio managers and approximately 300 presenting companies. We will be seeing companies’ CEOs, CFOs, COOs, etc.
Interestingly, such corporate insiders sold $7.8 billion of their companies’ stock in February, which was the most in roughly six years.
What do they know that we don’t know?
Maybe they know that the Daily Sentiment Survey of Futures Traders shows a 92% Bulls reading.
In the three times the reading has been that high since 2011 it has led to declines of 7% (2/11), 8% (5/13), and 3% (11/13). Also of note is that late last week the number of stocks making new 52-week highs on the NYSE collapsed by some 80%. Then there are the bullish sentiment figures that are at danger levels.
The Rest…HERE
