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.”
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WSJ What's News Midday, March 18, 2010by The Wall Street Journal 18 Mar 2010 at 1:10pm
U.S. consumer prices were flat in February from the previous month as higher car prices were offset by lower energy costs. Separately, jobless claims fell slightly in the latest week.
Jeffrey Saut Daily Audio Comment Raymond James
Listen to the recording with one of the media players below:
Jeff Saut’s Daily Audio Comment is recorded every weekday, except Wednesday, at 9 a.m. ET. It is made available to the public on this Web page at approximately 1 p.m. ET.
