Mikeoxenormous
Diamond Member
Insiders sending an ominous market signal
You can fool a liberal all the time, you can fool a moderate some of the time and you can fool a conservative once. We conservatives have seen how the ZIRP has screwed up the economy, yet liberals continue to believe that it is recovering. I guess when you are a goosestepping, koolaid drinking, low information, mindnumbed useful idiot, you believe what ever comes out of the Rainbow House. Yes, the RICH are definitely RICHER(with the 1/2 white president in office almost 7 years) and the most in poverty ever in the history of the U.S. of A. Elections have consequences, and you poor tards who voted for B.O. deserve all the misery he has FORCED upon you."Talk about crosscurrents," said Jim Paulsen, chief market strategist at Wells Capital Management. "The insider selling is a real negative signal for the market typically."
One of the primary reasons it hasn't pulled the market down is a push from companies buying back their own shares. Corporate buying, including cash takeovers and new buybacks, hit $96.2 billion in November. Since third-quarter earnings began in October, buybacks have averaged $3.9 billion a day, which TrimTabs said is the second-highest pace since the bull market began in March 2009.
Buybacks have been an efficient way to push market growth as the Federal Reserve keeps borrowing costs low and retail investors remain reluctant market participants. Zero-interest money market funds continue to hold huge sums, with the current $2.67 trillion total 2.4 percent higher than a year ago, according to Investment Company Institute data.