Fed, Congress as a whole Govt, Talking about the green shoots, Do they mean weeds instead of mustard seeds as they call?... May be they are not watering the shoots properly, So are they already turning brown. And at the same time most of the CEO's espl housing, financial, auto sectors they were talking about the light at the end of the tunnel, Do they mean the light is few light years away from the source or Just a final flicker before dying ?
Now I hope everyone believes this is end to another bear market rally if the current rally does not hold. Previous president have given few warnings about the markets before, And we might seen our current president doing similar kinda of speech any time soon before market breaks down.He spoke similar words to buy this market on March 6th and market bounced on 9th.
Here's the story of the insiders if they are so much positive about the economy and we outsiders does not know fundamentals of the company as much as insiders.
Bloomberg -- Executives and insiders at U.S. companies are taking advantage of the steepest stock market gains since 1938 to unload shares at the fastest pace since the start of the bear market.
Gap Inc.’s founding family sold $45 million of shares in the largest U.S. clothing retailer this month, according to Securities and Exchange Commission filings compiled by Bloomberg. Daniel Warmenhoven, the chief executive officer at NetApp Inc., liquidated the most stock of the storage-computer maker in more than six years. Sales by the co-founders of Bed Bath & Beyond Inc. were the highest since at least 2001. Full Story
Friday, May 15, 2009
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