Posted on 12/03/2021 5:49:04 AM PST by dynachrome
CEOs and corporate insiders have sold a record $69 billion in stock in 2021, as looming tax hikes and lofty share prices encourage many to take profits.
From Satya Nadella at Microsoft to Jeff Bezos and Elon Musk, CEOs, founders and insiders have been cashing in their stock at the highest pace on record. As of Monday, sales by insiders are up 30% from 2020 to $69 billion, and up 79% versus a 10-year average, according to InsiderScore/Verity, which excludes sales by large institutional holders.
The selling is likely to increase even more as December is often an active month for sales due to tax planning.
While some market watchers see insider selling as a warning sign and signal of a market top, many of the stocks sold by the insiders — including Tesla and Amazon — have continued to surge after the selling. And most of the stocks were sold as part of prescheduled selling plans, known as 10b5-1 programs.
(Excerpt) Read more at cnbc.com ...
Key signal of a market top. But this is all the result of the Fed pumping up the money supply with no clue that it could cause inflation. None!
Yes it is called distribution at the top. Who is buying? Well, most of it is going into the “retirement” vehicles. All based on the greater fool theory: find a greater fool to buy your investment. The only problem is, who is going to buy from the retirement vehicles?? Government policy by devalues the dollar by printing money. You may get more dollars for something then you put in BUT when you look at the purchasing power of that money, it is not equal.
Are they using the chash-outs to buy gold?
Congress exempts itself from insider trading rules for a reason. Few enter politics as millionaires, but many leave as such. The rules they pass help make this possible.
They also bitch that the “rich” don’t pay their fair share. Really? The top 10% of income earners pay 72% of the tax receipts. 51% pay no taxes. BTW, doesn’t it seem ironic to moan about the unfairness of the tax laws when you’re the ones who wrote the Tax Code?
People only liquidate stocks when they believe that its price is going to fall. Smart people know the Democrats are anti-wealth and anti-growth in their policies, so it makes sense to dump their stocks while they can.
Where did Pelosi get the $$$$$$$ to buy a $25 MILLION mansion in Jupiter Florida near Tiger Woods.
At least we all know where Tiger got his house purchasing funds.
They know whats coming. I would be interesting to see where they are parking their cash.
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