August 31st, 2009 by AdvisorAnalyst

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As a follow up to last week’s comment on TrimTabs’ report last week re: insider selling vs. buying, here is the Bloomberg TV clip of Charles Biderman’s appearance.

“Insider selling is 30x insider buying, while corporate stock buybacks are non-existent. Companies are saying they don’t want to touch their own stocks,” said Biderman. “I don’t know where the money is coming from to keep the markets from not plunging.”

How about the fund managers described in Merrill Lynch’s Fund Managers’ Survey?

(h/t: ZeroHedge)

Read more from the author/contributor here.

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