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MAJOR stock market sell signal
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Monday, June 22, 2009
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By Daily Crux Editor Sean Goldsmith:

Nobody knows more about a company than its executives... And they're currently fleeing en masse. Executives at U.S. companies are taking advantage of the recent stock rally to dump stock at the fastest pace in two years.

Insiders at S&P 500 companies have been net sellers for 14 straight weeks.

The message from these actions is clear… "If insiders are selling into the rally, that shows they don't expect their business to be able to support current stock- price levels," said Joseph Keating, CIO of the North Carolina-based RBC Bank.

Read full article...

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Topics: Stocks
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