CORPORATE INSIDERS VOTE WITH THEIR FEET AND THE RESULT IS ALMOST UNANIMOUSTHIS IS A SUCKER’s RALLYDespite a near 50% rally in the stock market and “better than expected” earnings across the board, we’re continuing to see unprecedented levels of insider selling and record low levels of insider buying. The buyers in recent weeks have accumulated just over $26MM in stock ($16.5MM of which was one buyer). Meanwhile, the sells amount to over $300MM. That’s a staggering 1:30 ratio if you back out the one larger buy…..insiders haven’t been substantial buyers since late last year and in early March of 2009 – both periods just prior to major market rallies.Although the level of insider selling is certainly alarming it’s important to note that the very low levels of buying are particularly alarming. Insiders sell stock for many reasons, but they generally only buy stock for one reason: they believe the stock is going up. Despite the fact the media is reporting an end to the recession, a bottom in housing and a trough in earnings we are seeing a vote of zero confidence from the people who know these companies better than anyone else. Could this be a sign that the underlying economy is still in fact very weak as we continue to see in the trucking data, weekly rails data and weekly same store sales?http://pragcap.com/insider-selling-soars-buying-still-at-record-lowsand update:THE NEGATIVE TREND IN INSIDER SELLING WORSENSFor the latest two week period ending yesterday, insiders purchased just $4.6MM in stock while selling an astounding $471MM in stock. That is a $217MM jump over last week’s reading of $254MM. The trend in insider selling has been negative for quite some time, but even more alarming is the total lack of insider buying. Insiders sell for a number of varying reasons, but it remains confounding that the equity markets can be so convinced of an economic rebound while insiders give a resounding vote of no confidence in their own companies via purchases of their own shares. Perhaps the lack of organic growth via revenue growth has insiders less than convinced of the economic rebound.http://pragcap.com/the-negative-trend-in-insider-selling-worsenswdm223

@ video above, and then some extra.n.r. agrees the players in the economy must”delever”. the banks (big and self selected few)are the “instruments”, structural and non functional,of leverage. button pushers. it is their business etc. the worse they do for us the better they do for themselves.hmm?question: how is it possible to support, withtaxpayer leverage, the structural and non functionalsystem of leverage and then expect deleveragingto occur? just rephrasing that same question again.anyway…requesting aparticular song? yes, i think i heard that,.Tom Waits, Singapore.We sail tonight for Singapore,we’re all as mad as hatters hereI’ve fallen for a tawny Moor,took off to the land of NodDrank with all the Chinamen,walked the sewers of ParisI danced along a colored wind,dangled from a rope of sandYou must say goodbye to me.We sail tonight for Singapore,don’t fall asleep while you’re ashoreCross your heart and hope to diewhen you hear the children cryLet marrow bone and cleaver choosewhile making feet for children shoesThrough the alley, back from hell,when you hear that steeple bellYou must say goodbye to me.Wipe him down with gasoline’til his arms are hard and meanFrom now on boys this iron boat’s your homeSo heave away, boysWe sail tonight for Singapore,take your blankets from the floorWash your mouth out by the door,the whole town’s made of iron oreEvery witness turns to steam,they all become Italian dreamsFill your pockets up with earth,get yourself a dollar’s worthAway boys, away boys, heave away.The captain is a one-armed dwarf,he’s throwing dice along the wharfIn the land of the blindthe one-eyed man is king, so take this ring.We sail tonight for Singapore,we’re all as mad as hatters hereI’ve fallen for a tawny Moor,took off to the land of NodDrank with all the Chinamen,walked the sewers of ParisI drank along a colored wind,I dangled from a rope of sandYou must say goodbye to me..http://www.youtube.com/watch?v=IHyYhyp0kTc&feature=related.live from the “glitter and doom tour”. 2008.the song was written in 1985, from the album”rain dogs”. interesting wiki search. the concepthas to do with dogs becoming lost in the rain andlosing their way, scent non recognition. title cut”rain dogs”… “inside a broken clock, splashing thewine with the raindogs..”.”Waits, discussing his mistrust of the then fashionable studio techniques, said: “If I want a sound, I usually feel better if I’ve chased it and killed it, skinned it and cooked it. Most things you can get with a button nowadays. So if I was trying for a certain drum sound, my engineer would say: ‘Oh, for Christ’s sake, why are we wasting our time? Let’s just hit this little cup with a stick here, sample something (take a drum sound from another record) and make it bigger in the mix, don’t worry about it.’ I’d say, ‘No, I would rather go in the bathroom and hit the door with a piece of two-by-four very hard.’” [5] Waits also stated that “if we couldn’t get the right sound out of the drum set we’d get a chest of drawers in the bathroom and bang it real hard with a two-by-four”, such that “the sounds become your own.”".another link for those interested in americanculture at the height of the regan “revolution”..http://www.youtube.com/watch?v=zvboZrCu6t8&NR=1.and this 9/13/2009…(the capitalist)http://www.huffingtonpost.com/dylan-ratigan/americans-have-been-taken_b_285225.html.this 9/15/2009.. summary..life settlement and more..(the socialist)http://archive.wbai.org/files/mp3/090915_170001taim.MP3.both disgusted with the “reality” of the moment asour capacity to see the moment actually convergeson the moment? re cognition always results in achange of perspective, behavior and position..http://www.garynull.org/wp-content/uploads/2009/09/GaryNullShow091409.mp3.for good measure.? telemere length, longer isbetter!antal fekete said we lack a theory of speculation, or something like that. there must be one out there.

enjoy…..http://greatdepression2006.blogspot.com/2007/08/famous-quotes-from-past-revisited.htmli like this one….”[1930 will be] a splendid employment year.”- U.S. Dept. of Labor, New Year’s Forecast, December 19292009′s version”[1930 will be] an “Awesome” employment year.”

>And most stunningly — it is a system that no one in our government has yet made any effort to fundamentally change. <http://www.huffingtonpost.com/dylan-ratigan/americans-have-been-taken_b_285225.htmlNot so stunning after all, when considering all who see short term personal advantage in it, alas…>As a country, we must demand that our politicians stop serving those whose business models are based on systemic theft and start serving those who seek to create value for others — the workers, innovators and investors who have made this country great. <

It’s possible that the marginal prices for stocks will be artificially supported by the Fed/Treasury for quite a long time.

Speaking of and having Spoken of – so just what is “moral Hazard”"That is, it is – parlance or jargon of the financial industries (sic) for that defined as ‘Moral hazard’ as the prospect that a party insulated from risk may behave differently from the way it would behave if it were fully exposed to the risk. In insurance, moral hazard that occurs without conscious or malicious action is called morale hazard.’Just consider the above as rough but generally accurate understanding of “Moral Hazard”. [Do your own research!]Has it occurred to anyone that the source of the problems of the global socio-economic collapse are those involved with ‘human behaviour’ as opposed to “Moral Hazard”? For example: theft, deceit, incompetence, cover-ups, intentional betrayal, denial, irresponsibility, lying, misrepresentation, manipulation, etc., etc., or IOW, normal human behaviour – when caught betwixt and between -er, red-handed.The “moral hazard” argument is no longer relevant: we are dealing NOW, with something far more fundamental; primaeval survival – and all that hangs off it.My bet is that the ‘real-economy’ will win.Ho hum

pjb,agreed. people will come to miss the rhythmsof their own heart beat, the sound of it.we will be forced to trust our own eyes andthoughts, however limited, as the narrativebeing projected becomes less and less credibleor probable.ps. the present moment is another example of the unityof all life and non life. we can see this, availablefor all to see. not frightening though some havethis initial reaction.just thought i’d add that.

Check out these videos of out dear leader:http://hotair.com/archives/2009/09/16/obamateurism-of-the-day-119/What a loser.

Gee, I didn’t feel like a racist until that Georgia cracker called me one. I guess we are all racists now in the new Amerika where dissent is no longer tolerable.

Sunday, September 13, 2009The Continuing Disaster of Wall Street, One Year LaterAs he attempted to do with health care reform last week, the President is trying to breathe new life into financial reform. He’s using the anniversary of the death of Lehman Brothers and the near-death experience of the rest of the Street, culminating with a $600 billion taxpayer financed bailout, to summon the political will for change. Yet the prospects seem dubious. As with health care reform, he has stood on the sidelines for months and allowed vested interests to frame the debate. Nor has he come up with a sufficiently bold or coherent set of reforms likely to change the way the Street does business, even if enacted.Let’s be clear: The Street today is up to the same tricks it was playing before its near-death experience. Derivatives, derivatives of derivatives, fancy-dance trading schemes, high-risk bets. “Our model really never changed, we’ve said very consistently that our business model remained the same,” says Goldman Sach’s chief financial officer.The only difference now is that the Street’s biggest banks know for sure they’ll be bailed out by the federal government if their bets turn sour — which means even bigger bets and bigger bucks.Meanwhile, the banks’ gigantic pile of non-performing loans is also growing bigger, as more and more jobless Americans can’t pay their mortgages, credit card bills, and car loans. So forget any new lending to Main Street. Small businesses still can’t get loans. Even credit-worthy borrowers are having a hard time getting new mortgages.The mega-bailout of Wall Street accomplished little. The only big winners have been top bank executives and traders, whose pay packages are once again in the stratosphere. Banks have been so eager to lure and keep top deal makers and traders they’ve even revived the practice of offering ironclad, multimillion-dollar payments – guaranteed no matter how the employee performs. Goldman Sachs is on course to hand out bonuses that could rival its record pre-meltdown paydays. In the second quarter this year it posted its fattest quarterly profit in its 140-year history, and earmarked $11.4 billion to compensate its happy campers. Which translates into about $770,000 per Goldman employee on average, just about what they earned at height of boom. Of course, top executives and traders will pocket much more.Every other big bank feels it has to match Goldman’s pay packages if it wants to hold on to its “talent.” Citigroup, still on life-support courtesy of $45 billion from American taxpayers, has told the White House it needs to pay its twenty-five top executives an average of $10 million each this year, and award its best trader $100 million.A few banks like Goldman have officially repaid their TARP money but look more closely and you’ll find that every one of them is still on the public dole. Goldman won’t repay taxpayers the $13 billion it never would have collected from AIG had we not kept AIG alive. (In one of the most blatant conflicts of interest in all of American history, Goldman CEO Lloyd Blankfein attended the closed-door meeting last fall where then Treasury Secretary Hank Paulson, who was formerly Goldman’s CEO, and Tim Geithner, then at the New York Fed, made the decision to bail out AIG.) Meanwhile, Goldman is still depending on $28 billion in outstanding debt issued cheaply with the backing of the Federal Deposit Insurance Corporation. Which means you and I are still indirectly funding Goldman’s high-risk operations.So will the President succeed on financial reform? I wish I could be optimistic. His milktoast list of proposed reforms is inadequate to the task, even if adopted. The Street’s behavior since its bailout should be proof enough that halfway measures won’t do. The basic function of commercial banking in our economic system — linking savers to borrowers — should never have been confused with the casino-like function of investment banking. Securitization, whereby loans are turned into securities traded around the world, has made lenders unaccountable for the risks they take on. The Glass-Steagall Act should be resurrected. Pension and 401 (k) plans, meanwhile, should never have been allowed to subject their beneficiaries to the risks that Wall Street gamblers routinely run. Put simply, the Street has been given too many opportunities to play too many games with other peoples’ money.But, like the health care industry, Wall Street has platoons of lobbyists and an almost unlimited war chest to protect its interests and prevent change. And with the Dow Jones Industrial Average trending upward again — and the public’s and the media’s attention focused elsewhere, especially on health care — it will be difficult to summon the same sense of urgency financial reform commanded six months ago.Yet without substantial reform, the nation and the world will almost certainly be plunged into the same crisis or worse at some point in the not-too-distant future. Wall Street’s major banks are already en route to their old, dangerous ways — now made more dangerous by their sure knowledge that they are too big to fail.posted by Robert Reich | 11:17 PM

new thread

Oh come on!I see those un-cloaked KKKers all over the place.Racism DOES exist in the US, just like mass looting exists. It’s just that in the US everything is professionally wrapped such that it looks edible. Sometimes, however, the packaging isn’t all that sharp, and you get to see what lies underneath by likes of Limbaugh and others.Divide and conquer. Racism is but a means for the rich to exploit the poor. Rich blacks do it every bit as well (witness Obama) as white, it’s just there there are less rich blacks, which makes them a bit less obvious.And, this issue isn’t unique to the US.

Without Obama’s idea to socialize the losses, we’d be home free. Obama’s wrong.

Boo hoo, I feel so sorry for poor little you. Whose advice are you gonna take (instead of thinking for yourself and taking your lumps if you make wrong decisions) next time?