(OPINION) Why are CEOs and corporate insiders selling their stocks at a far faster rate than we have ever seen before? Do they know something that the rest of us do not?
If stock prices are going to continue soaring into the stratosphere like many in the mainstream media are suggesting, these insiders that are dumping stocks like there is no tomorrow will miss out on some absolutely enormous profits. On the other hand, if a colossal market crash is coming in 2022, then 2021 was absolutely the perfect time to get out.
As I have said countless times before, you only make money in the stock market if you get out in time. Could it be possible that many of the richest people in the world have picked the absolutely perfect moment to pull the trigger? According to CNBC, CEOs and corporate insiders have sold 69 billion dollars worth of stock so far this year.
That is a new all-time record, and it is a whopping 30 percent higher than last year… 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. Interestingly, this fire sale has come to a crescendo just as the U.S. economy has reached a critical turning point.
We are in the midst of the worst supply chain crisis in our history, inflation has reached levels that we haven’t seen since the 1970s, and the rising violence in our streets is depressing economic activity in many of our largest urban areas.
Over the past two years, the federal government has borrowed and spent trillions of dollars that we could not afford to spend. During that same period, the Federal Reserve has pumped trillions upon trillions of fresh dollars into the financial system.
They took these measures in a desperate attempt to resuscitate the economy, and we certainly did experience a “sugar high” for a little while. But now there are all sorts of signs that the economy is starting to slow down once again. For example, sales on Black Friday were down 28.3 percent compared to 2019 levels…
Traffic at retail stores on Black Friday dropped 28.3% compared with 2019 levels, as Americans shifted more of their spending online and kicked off their shopping earlier in the year, according to preliminary data from Sensormatic Solutions. The apologists in the mainstream media would have us believe that retail sales are down because online sales are booming. READ MORE
