Insiders are buying fewer shares of their own companies. In October, it was purchased shares worth 110 million $ - TrimTabs Investment Research. This 5-year-old anti-record - based on AMarkets.
This is obviously a bad sign, indicating that American companies are already precisely not very attractive. Since they do not buy "their own", who have the most accurate information on how things are going. If the shares are not bought by insiders, so do not wait to the last paper prices. Cooling interest in insider circles - clearly not a seasonal factor. In the first six months of 2012, for example, insiders bought shares at $ 390 million, in 2013 in the same period - to $ 360 million? In 2014 - at $ 540 million. Insiders have lost interest in the securities of their companies.
At the same time decreased the rate of share repurchases. Baybekov indicator is on the 9th and the quarterly minimum of $ 115 billion. I must say that baybeki in recent years served as a key driver for the market in US stocks. With the reduction of the activity of insiders and expected monetary tightening should wait for bearish signals from the US stock market. If this background, and key central banks to calm down their printing presses - the sale only with the imminent reversal in the downward trend. In the near future should pay attention to company reports. If companies can not sense a pleasant surprise the players, the illusions have not left.
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