Tag: Insider selling

C-Level Executives Sold Shares Weeks Before SVB Failed

Guest Post by Martin Armstrong

A bank failure of this proportion has not been seen since 2008 when Washington Mutual failed. The majority of deposits in Silicon Valley Bank (SVB) are uninsured, meaning the FDIC’s $250,000 protection does not apply. Uninsured depositors will be provided receivership certificates and should receive an advanced dividend this week. The FDIC must sell off the remaining assets of SVC to determine how much it can provide to those uninsured depositors. The FDIC is encouraging borrowers to continue paying their existing loans. The bank was said to host $209 billion in assets and $175.4 billion in deposits as of December 2022. Washington Mutual held around $307 billion in assets when it went down.

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WHO’S THE SUCKER?

Image result for sucker

The two charts below reveal what is going on in the boardrooms of corporate America and on Wall Street, where those in the know are doing what they do best – screwing average American families. The Trump tax cuts are taking full effect. Corporations will pay $60 billion less in taxes this year. It appears they are taking all $60 billion in savings, borrowing another $80 billion from Wall Street, and buying back their own stock at near all-time high prices.

If you thought the narrative about corporations using their tax savings to invest in new facilities and hiring thousands of new employees was going to happen, you haven’t been paying attention to how things work in the real world. Even though corporate GAAP profits have been flat for the last few years, the stock buybacks, funded by low interest debt provided by the Fed, increase the EPS of mega-corporations thereby pumping up the salaries and bonuses of top corporate executives.

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STUPID IS AS STUPID DOES

If you prefer fake news, fake data, and a fake narrative about an improving economy and stock market headed to 30,000, don’t read this fact based, reality check article. The level of stupidity engulfing the country has reached epic proportions, as the mainstream fake news networks flog bullshit Russian conspiracy stories, knowing at least 50% of the non-thinking iGadget distracted public believes anything they hear on the boob tube.

This stupendous degree of utter stupidity goes to a new level of idiocy when it comes to the stock market. The rigged fleecing machine known as Wall Street has gone into hyper-drive since futures dropped by 700 points on the night of Trump’s election. An already extremely overvalued market, as measured by every historically accurate valuation metric, soared by 4,000 points from that futures low – over 20% – to an all-time high. Despite dozens of warning signs and the experience of two 40% to 50% crashes in the last fifteen years, lemming like investors are confident the future is so bright they gotta wear shades.

The current bull market is the 2nd longest in history at 8 years. In March of 2009, the S&P 500 bottomed at a fitting level for Wall Street of 666. In a shocking coincidence, it bottomed on the same day Bernanke & Geithner forced the FASB to rollover like mangy dogs and stop enforcing mark to market accounting. Amazingly, when Wall Street banks, along with Fannie and Freddie, could value their toxic assets at whatever they chose, profits surged. The market is now 240% higher.

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Insider Warning: Top Execs Are Selling Stocks at Record-Breaking Speed

From Birch Gold Group

As major stock market indices continue to climb, the trading activity of top U.S. executives and bankers suggest that the end may be near. According to security filing analysis by the Wall Street Journal, since the election nearly three months ago, insiders have sold off a staggering $100 million in shares. Is this just a coincidence, or are they preparing for something the rest of us don’t know about?

Why Record Highs Are NOT Cause for Celebration

Stocks are still riding their post-election rally and hitting record highs. For the first time ever, on January 25 the Dow Jones Industrial Average broke 20,000, and the broader market is charging upward as well.

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INSIDERS FLEEING BECAUSE EVERYTHING IS SO F#$KING AWESOME

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?


WATCH WHAT THEY’RE DOING, NOT WHAT THEY’RE SAYING

Corporate executives know what is happening in their businesses before you do. Corporate profits are at all-time highs. Valuations have only been higher once in history – 2000. The bullishness of the Wall Street lemming class is off the charts. Ma and Pa investor have been lured back into the market. If everything is so great why are corporate executives selling the stock of their own companies at an unheard of level of 80 to 1?

Don’t listen to the shills on CNBC and the corporate CEOs touting their stock while they are selling it as fast as they can.