Stocks are currently valued on a PE basis and Price to Cash Flow basis at higher levels than the 2000 and 2007 peaks. The losses exceeded 50% after those peaks. Someone should tell all the corporate executives that are selling their own stocks as if there is no tomorrow that everything is awesome. Obama and the MSM tell me so. These corporate executives are using shareholder cash to buy back their stock at all-time high prices, while at the same time they are selling their own stock. This is called integrity and high ethical standards in the world we live in. So it goes.
Guest Post by Jesse
US Equities: Rich Valuations, Insiders Selling
Maybe stocks are rather fully valued in expectations of The Recovery™.
Happy days are here again.
For some.
Central Banker’s Joke
Q. How many monetary policy errors does it take to destroy the world’s greatest middle class?
A. How many do you need?
Elites always pull out of markets right before they tank. Whats new about that???
They drive the markets and when the time is right, kaboom. They get wealthier and you are standing around with your dick in your hand saying “what happened?”. Same as it ever was…..
Stocks buy back, hmmmm! This is the first time I’ve seen this explanation. CEOs buying back their company stocks while at the same time selling their portfolios into the buy back at high prices. Makes perfect sense to me. My gut feeling tells me that it is true.
This is what America has become, to hell with the company, to hell with the people. I’m going to get mine and the hell with everybody else. The ship’s going down, so it’s me first. In Psychology, we call this sociopathic behavior.
What’s good for General Motors is good for America. If you have trouble sleeping at night, you know too much.
As the Mogambo Guru is wont to say, “We’re DOOMED!!! Notice the three exclamation points.
Another sleepless nite awaits me. Gasp!