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Posts Tagged ‘economy to collapse 2nd half 2009’

Insiders Selling Stocks at Highest Level Since May 2008

Posted by truthpills on 2009/09/01

Washington’s Blog
Monday, August 31, 2009

Best buying opportunity since the Great Depression?

TrimTabs is reporting that insiders know better:

Selling by corporate insiders in August has surged to $6.1 billion, the
highest amount since May 2008. The ratio of insider selling to insider buying
hit 30.6, the highest level since TrimTabs began tracking the data in 2004.

“The best-informed market participants are sending a clear signal that the
party on Wall Street is going to end soon,” said Charles Biderman, CEO of
TrimTabs.

TrimTabs explained that insider activity is not the only sign the rally is
about to end. The TrimTabs Demand Index, which tracks 18 fund flow and sentiment
indicators, has turned very bearish for the first time since March.

For example, short interest on NYSE stocks plummeted by 10.3% in the second
half of July and margin debt on all US listed stocks spiked 5.9% in July, while
51.6% of advisors surveyed by Investors Intelligence are bullish, the highest
level since December 2007.

“When corporate insiders are bailing, the shorts are covering and investors
are borrowing to buy, it generally pays to be a seller rather than a buyer of
stock,” said Biderman.

TrimTabs also reports that the actions of U.S. public companies have been
bearish. In the past four months, companies have been net sellers of a record
$105.2 billion in shares.

“Investors who think the U.S. economy is recovering are going to get a big
shock this fall,” said Biderman. “Companies and corporate insiders are signaling
that the economy is in much worse shape than conventional wisdom believes.”
Reference

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A Shocking Fall

Posted by truthpills on 2009/08/30

by Egon von Greyerz – Matterhorn Asset Management

This month we will discuss what is likely to be a major change both in sentiment and in the economy in the next few months. The autumn of 2009 will be full of shocking surprises in the banking sector, in financial markets and in the world economy. The events that we outlined in our previous newsletter, “The Dark Years Are Here” are going to start unfolding. There will also be shocking falls in stockmarkets, in the dollar and in bond markets. But these falls will create major opportunities for investors which we will also discuss.
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Gold To Stand Against Big Devaluations

Posted by truthpills on 2009/05/31

Posted: May 30 2009
threats of devaluation and harder times are to be considered seriously, big players have reasons to acquire more gold, Large gold holdings have a history of their own, China caught in a dollar trap, Russia in an oil trap, America in a debt trap

What we are about to tell you may be the most important information that we have imparted in almost 50 years. something very bad is looming – we don’t know the exact configuration yet, but we think the key is the collapse of the dollar, which will send gold and silver to considerably higher prices. These events could unfold over the next 2 to 4 months. There could be devaluation and default of the US dollar and American debt. You must have at least a 6-month supply of freeze dried and dehydrated foods, a water filer for brackish water, and assault weapons with plenty of ammo and clips. You should put as much of your wealth as you can in gold and silver coins and shares. You should not own any stocks in the stock market except gold and silver shares, you should not own bonds the exception being Canadian government securities, you should not own CDs, cash value life insurance policies and annuities. And, needless to say, except for your home you should be totally out of real estate, residential and commercial because it will remain illiquid for many years to come. Continue to pay your normal debts down because we do not know how they will be treated when we arrive at devaluation and default. We certainly don’t want to have to tell you this, but the way things are shaping up it doesn’t look good. As we write this the dollar is breaking 80 on the USDX. Interest rates are climbing, and have broken out to the upside. Gold and silver are poised to break into new high territory and the stock market is preparing to retest 6,600 on the Dow. You have been warned, act accordingly.
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