We have all heard about insider trading, where various executives, politicians and friends are tipped off to hot investment deals. They make huge profits from their purchases and subsequent sales. So, what is going on in the market today with buying and selling? Who is fueling the upturns (and downturns) that fluctuate wildly?
Corporate insiders are running from the stock markets today like rats running from a sinking ship. According to MarketWatch, insiders normally invest upwards of $100 million per day. Recently they have only invested $13M per day. In fact, insiders are selling $7 of stock for every $1 purchase they make. What do they know?
They know the cash cow that has fueled America has run dry. Their businesses are seeing a decrease in traffic. Consequently, they have fewer demands for goods or services. Federal, State and local governments receive fewer tax dollars. Business profits go down. The global economy languishes because it has been built on greed. And they know which companies may be in trouble.
Business investors also understand the fact that the mortgage crisis is far from over. In fact, many large banks such as Bank of America are teetering on the edge of destruction. The housing market has exposed one facet of the problem, but the commercial mortgage debacle is ten times greater and has yet to be exposed. This in itself could destroy the economy.
Barack Obama is now facing three major scandals of his own, with Fast and Furious gunn-running, the Solyndra scandal and now LightSquared. (All three involve high-level cabinet members and criminal activity that could be impeachable offenses.) The Federal budget is facing yet another crisis the end of September, and U.S. House members are wrangling over details of the Obama (lack of) jobs plan that is rife with government corruption. On the outside of the nation, Greece will default soon (followed by Spain and other nations), and the U.S. Federal Reserve has pledged an unlimited supply of money for them. Where does that come from? Business investors know.
This year any "October Surprise" may not be so much a surprise as much as the acknowledgement of the fact that the chickens are coming home to roost. But in September, those that know are getting out of the markets. You might want to be aware.
... you shouldn't capitalize obama?
Posted by: Dennis | September 23, 2011 at 06:24 PM
"Dreams of My Father" reveals the creation of America's psychopath president.
No other country struggling in this global economy has the deck so stacked against it like America does with this president. He is a socialist plant of radical islamists. He is so foreign to America he could hardly be charged with treason except for the oath he took.
But then all's fair in love and war.
Everything. Absolutely everything he has done has been against America's better interests.
If that is not true and he was seen as being stupid, a Forest Gump, we would all recognize that by now. But that is not the case. People need to realize this fact and stop scratching their heads.
He has used the prior damage done to our country to his treasonous advantage. He now is just riding the winds of disaster. By not doing one thing more in the next year the stagnation of his leadership will compound the problem exponentially!
America will never forgive you Obama. Where will you go?
Take the mongrel dog with the overbite you call a wife and your spawn with you!
Posted by: Powerball | September 23, 2011 at 09:36 AM
There is no refuting that obama is about the destruction of the USA. He is a liar of the highest degree. His agenda from the beginning has been wrought full of calculated maneuvers to cripple our free markets, grow the federal government to socialism and eventually communism.
obama is clearly America's number one enemy. His administration will be responsible for the complete devaluation of the US dollar and ushering in a global currency to replace it. Our only hope until 2012 is the House of Representatives, which stands in obama's way.
I pray that obama's criminal activity comes to light through investigation of the multitude of scandals that surround him.
Posted by: Dennis | September 23, 2011 at 07:23 AM