The One Chart That America's Corporate Elite Don't Want You To See
The message from America's ruling elite is, as always - "do as I say, not as I do" - and nowhere is that more evident in the following chart. Simply put, follow the money!
As we detailed last week, as US financial stocks have soared in the post-election Trumphoria, bankers have been dumping over $100 million in personal stock holdings.
But, as Barron's details, it's not just the bankers that are bailing out of US stocks (just as the corporate elite and their mainstream media lackeys cajole you and your hard-earned retirement funds back into the most-expensive market ever), it's everyone.
The massive spike in insider-selling (relative to buying) is broad-based...
Still - listen to CNBC, buy some more NFLX or TSLA or the latest Biotech stock, we have reached a new permanently high plateau.
Disclosure: None.
Thanks for sharing
Despite their selling the market is liable to hold up for at least 6 months if not a year. Of course, they have lots more to sell. What matters is not that they sell, but what percentage of their stock portfolios they sell. They have reason to sell. Growing uncertainty is affecting the market.
We will see if it turns out to be good or bad in about 9 months or so.