We Are On The Eve Of Another Possible Stock Market Crash
October 26th, 2012
ANOTHER MAJOR IMMINENT LOSS? HIGH-LEVEL EXECUTIVES SUDDENLY DUMPING JP MORGAN STOCK EN-MASSE
Over the last week and a half, high level JP Morgan executives have dumped over $6 million in shares in what experts have described as ‘unusual activity’.
Anyone believe JPM’s October 12th earnings report which beat expectations? Looks like accounting BS engineered to dump legacy positions on the general public.
A chorus of high-level executives inside JPMorgan (JPM) are selling down their stakes in the company, in what some experts are citing as “unusual” activity within the nation’s largest bank by deposits.
CNBC reports that JPM execs have dumped $6 million in the past 10 days!:
“In sum, executives on JP Morgan’s operating committee have reaped proceeds greater than $6 million since October 15th — a move that appears uncharacteristic for the bank, according to Ben Silverman, director of research at InsiderScore.com, which tracks insider buying and selling activity.
“This is an unusual cluster of sales in that we typically don’t see this many insiders at the company [JPMorgan] selling at the same time,” Silverman said. “We look at events like this as a negative event for the stock.”
Every exec but Blythe and Jamie are dumping the stock: