Courtesy of a "Tyler Durden" at Zero Hedge:
Bob Toll Once Again Joins Insiders In Unprecedented Stock Selling Spree
Submitted by Tyler Durden on 09/17/2009 12:08 -0500
At least the Bloomberg auto headline generator demonstrates humor:
( DJ ) 09/17 12:39PM *WSJ: Toll Brothers Chmn Robert Toll Continuing To Sell Stk In Co
( DJ ) 09/17 12:40PM *WSJ: Toll Brothers Chmn Sold 1.58M Shrs In Co Sept. 16
In other news, insider selling ($182 million) outpaces insider buying ($2 million) by 80-to-1 in the last week (data courtesy of FinViz).
Coming out of a recession (or, depression), it is common to see substantial insider selling; the amount is not unusual. Essentially zero insider buying with the S&P 500 over 1000 is disconcerting, however. Really, all the stock market is doing is offering you yesterday's fashions. Today's shoppers buy during sales. Why should that apply to clothes or food but not to stocks?
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