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 Late Edition, March 18, 2010by The Wall Street Journal 18 Mar 2010 at 5:54pm
The blue chips make it eight in a row, but stocks end narrowly mixed; New York's Attorney General begins an investigation into the practice of pension spiking; and Apple is still negotiating content deals for the iPad.
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.
