Corporate insiders are dumping stocks like there's no tomorrow

[turkeyneck]

Last week’s sell-to-buy ratio for just those issues listed on the NYSE or AMEX. That came in at 13.10 to 1, which is the highest reading for this ratio since when Vickers began collecting the data, which was October 1974.

http://www.marketwatch.com/story/insiders-selling-at-unusually-fast-pace-2011-07-28

 

[macroman]

i dont have good feel about this. longs seem immune from pain as markets falling bit by bit....

i say there will be at least one more scare on downside. deal or no deal.

i stay put.

oh, yes, in case of default usd will shoot up because defaults partaal or full will change flows of cash to USD as lots of world indebted in USD. Noone will try and match defaulting issue with opposite againt the only military power.