Sales of stocks by US corporate insiders flashed a bearish signal for the eleventh straight month in March. They sold $3.5 billion of their own companiesâ stocks in March, which was down from $5.1 billion in February. They have sold so much maybe they are running out. The ratio of sales to buys was 28.4 versus 54.6 in February. This is a one-year sell signal, which shows you the extent of market manipulation by the âPlunge Protection Team.â
Quote from lrm21:
Pretty grim outlooks here regarding G-Money.
I don't know not a big fan of gov. intervention but you can't argue with 17 yrs of prosperity and 5.9% unemployment rate at the peak during the recent crash. If you told someone in the 80's that we would have 5.9% unemployment during a crash they would've spit there cosmopolitan in your face.
It's amazing how bearish these boards have been the last few months. Climbing a wall of worry. Keep it coming.
Regarding Outsourcing, I can't believe so called cold blooded capitalists are calling for protectionism. Can't cheat the market want a quick way to a recession/depression try protectionism it's what we did in 1929.
""The Demise of Trade
The leading industrialized nations responded to the crisis (1929 Crash ) by imposing trade barriers on imports with the hopes of increasing demand for domestically produced goods and to raise revenue from tariffs. "Concerns about low agricultural prices, an influx of imports, rising unemployment, and declining tax revenue generated public sentiment for trade restraints." The Smoot-Hawley Tariff Act of June 17, 1930 responded by raising tariffs by up to 50% on a wide range of goods. Unfortunately, the resulting fall in imports created unemployment abroad that quickly invoked protectionism in response, creating unemployment back in the US!
Ironically, even though tariff rates rose by up to 50%, imports declined so sharply that tariff revenues fell 46% from $602 million in 1929 to $328 million in 1932. This not to mention the loss of tax revenue from the domestic unemployment the tariffs caused indirectly""
