The Pro's are Selling, the Joe's are Buying! 01/20/2010
THURSDAY, NOVEMBER 12, 2009 The pro's are selling, the Joe's are buying! As the unemployment number, the government version, jumps unexpectantly to 10.2% does it seem strange the market goes up 200 points? As foreclosures accelerate to there 8th consecutive record month, gold hits 1100 and the dollar drops like a rock, yet the market goes up 57 points. Would you expect the economists to point this out or talk about the rally which in their opinion only goes one direction, Up! Institutional selling is through the roof but the media is pushing the public’s "Buy" button over and over again, and the Joe's follow suit. Insider selling is 31:1, indicating they know their companies are going to get clobbered next year, but someone has to buy their shares right? How convenient that joe six pack is being led to slaughter by the Wall Street controlled media. Buy high, sell low is the all too often mantra of the everyday man... CommentsLeave a Reply | FREE SUBSCRIPTION!Receive Emailed Articles as they are Posted. Click Below on RSS Feed!Jason's Thoughts!My goal is to use this format to bring important and timely ideas to the surface on recent events which I feel will affect all of us financially. ArchivesFebruary 2012 Categories |
RSS Feed