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TrimTabs' CEO Charles Biderman Discusses Massive Insider Selling
"Insider selling is 30x insider buying, while corporate stock buybacks are non-existent. Companies are saying they don't want to touch their own stocks."
"I don't know where the money is coming from to keep the markets from not plunging."
One can offer some suggestions.
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"Yeah, where could all this money be coming from?", he said scratching his head... must be magic.
"sideline money" hahaha
He knows the answer. The US government. The Feds.
In INDIA, for sure, huge amount of money is being channeled through PARTICIPATORY notes. These are the money stuffed abroad by politicians and beaurocrats(fuck the spelling,not worth trying to correct,mostly m... fuckers out there) over ages. some astounding amount has been syphoned off over the years.
I have feeling that some of these "dark money" are being chanelled to the "dark pools" of various algo houses.Possible.
The 2,500-euro car-scrappage program ends this month, jeopardizing as many as 90,000 jobs, according to an Aug. 27 report of the VDA car federation. The 5 billion-euro program has benefited two million car owners, the Economy Ministry said yesterday.
“As much as it hurts me to say it, the worst is yet to come for the labor market,” Wolfgang Franz, the chairman of Merkel’s panel of independent economic advisers, said in an interview in the Die Welt published yesterday. He sees unemployment rising to an average of 4.4 million in 2010.-Bloomberg
Everybody is trying to get out at a good price now. Goldman has a long ____ down their throat. heard in the market and it seems to be true,GS and MS are stuck bigway in China and Asia. Can someone check it out from their ex-friends at those places. hey, I met a guy who was let go by GS. He is ready to kill.
Fall. Seems an apt name for the season.
Nice
http://www.youtube.com/watch?v=590ljQM08H0
That feels about right in some ways.
thanks for that post. I try to listen to that album several times every September. great memories.
(disclosure: 150% long U2)
This is quite simple to explain.
There is currently such a massive demand for stocks that insiders are thankfully willing to sell some of their paper to quench the thirst for stocks.
The market would stall if insiders wouldn't offload their stocks because American investors are programmed to buy, buy and buy.
See, it is a simply an equation of supply and demand.
I'm deadilicious serious.
You had me wondering if you were serious. How sad, if true.
consumer: mmmm must buy. must buy something!
salesclerk: can I help you?
consumer: mmmm must buy. must buy now! what have you in stock?
salesclerk: In stock? Uh, AIG, C, BAC, somecrappyREIT. and of course! our generic S&P500.
consumer: mmm must buy. must buy
salesclerk: ya want some? how 'bout a few trillion dollar's worth?
consumer: mmmm must call Timmy, now. [salivates]
salesclerk: like them giftwrapped? we'll throw in the Astroglide as our special gift to you!
Greed cycle? No, not here.
$1.25T of MBS purchases. Where is that money going?
I think I have an idea... quid pro quo... I'll buy your crappy MBS and you keep the market propped up with the dollars I pay you for them... the whole thing is really sick, sick, sick... you cannot mess with a balance sheet even if you are the federal reserve or the federal government... it all still has to balance... it is an illusion, illusion, illusion that we are fixing things...
It doesn't have to balance if you can keep the skeletons in off balance sheet accounts. Which is probably what the FED is doing.
But when they move things off to an off-balance sheet account does there not have to be some type of a journal entry indicating its disposition... otherwise assets and liabilities will not balance...
Its not "on-balance sheet then moved to off-balance sheet," its just "off-balance sheet."
http://www.riskglossary.com/link/off_balance_sheet_finance.htm
See also: http://www.newyorkfed.org/markets/maidenlane.html
when you move things off balance sheet, they are still representative of someone somewhere who is not getting paid.
The Rubicon has been crossed.
We have to start over.
The only question is what do we do with the people that got us here? The oligarchs, the corrupt politicians, how do we dispose of these people?
Should we really be paying for life in prison for these scum?
That is the burning question, in my opinion.
The Jim Rogers solution. Send them to Manitoba and the Dakota's as farm hands.
Hey wait a doggone minute - I am from North Dakota, live next door now in Minnesota and we wouldn't have them for a new york minute as farm hands.....sheesh
Now, there are things that are needed on the farm that they would be excellent for! Fields ALWAYS need to be fertilized!-46
Hey wait a doggone minute - I am from North Dakota, live next door now in Minnesota and we wouldn't have them for a new york minute as farm hands.....sheesh
Now, there are things that are needed on the farm that they would be excellent for! Fields ALWAYS need to be fertilized!
Burning is the answer, in my opinion.
"Burn her!"
http://www.youtube.com/watch?v=zrzMhU_4m-g
As far as I'm concerned you are being much to placid
Start using PM's for transactions, and direct barter of goods and services.
By the time they get around to issuing a new currency, we won't need it... FTW! AAAHHHRRrrghh!
Swing 'em from the lamposts; guillotines might come in handy as well.
The American Public had this figured out 102 years ago
http://en.wikipedia.org/wiki/Panic_of_1907
someone needs to go to jail or at least get prosecuted.
Guantanamo...
...after O hands it back to the Castro boys...
What exactly is me an American oligarch? The "oligarchy" sounds like a crude synonym for bourgeoisie.
I don't buy this nonsense propaganda coming out of sociopaths like Max Keiser and Alex Jones. Recycled Marxism is not compatible with liberty, belongs in a museum.
Do not trust Max Keiser, Alex Jones, and anyone else appearing on Iranian government controlled Press TV. These individuals are disinformation agents, some of what they say is true, but their ideas are laced with poison.
anyone who thinks that oligarchy is any kind
of a synonym for bourgeoisie is an intellectual
pygmy....
i can't for the life of me figure out how
anyone could consider alex jones a marxist....
i think you need to get back on your valium...
Have you ever watched Press TV? They consistenly host open Marxist-Leninists. Many of the Iranian government's closest sovereign allies are Marxist-Leninists regimes: China, North Korea, Venezuela, Cuba, etc.
In fact the government in Tehran is essentially a puppet of Moscow. Have fun following your bullhorn wielding madman, as he leads you straight off a cliff.
I agree that there is a fine line that should not be crossed here. But it is demonstrable, even from just reading the headlines, that our government is in bed with several large corporations, such as Goldman, These corporations receive exemptions from the laws, and waivers on following required practices. While it's true we should avoid the pitchforks as much as the next guy, there really is a smokescreen out there. Saying that this debate is 'laced with poison' is apt, I believe. If you don't watch the fuck out, you'll be a Marxist in no time. On the other hand, pointing out injustice via government intervention is not the same as demanding egalitarian treatment of everyone. But make no mistake, liberty includes the freedom from the influence of government sponsored monopolies, so while Alex Jones is a nut case, you too need to be careful.
>> But make no mistake, liberty includes the freedom from the influence of government sponsored monopolies, so while Alex Jones is a nut case, you too need to be careful.
I don't know how Goldman Sachs, a company worth $83b with a 34 P/E could be considered a government sponsored monopoly. They are a band of theives and three card monte hustlers.
The psychotic disinformation put out by Max Keiser et al would have you believe that Goldman Sachs is the only thing wrong with the world. Them and the ethereal "oligarchy."
It truly confounds me how supposedly free thinking people can listen to a guy like Mr. Keiser, who stated on international television that he wished more people had died in the 9/11 terrorist attack, and go along with whatever he says.
A government sponsored monopoly in that they are only in their position because the government acted in their interest. Their private business would have landed them under water in bankruptcy last year. That's what I mean by government sponsored. They still have so much pull and power and will continue to have it. Goldman isn't the only thing wrong with the world, but they sure are a shining example of it.
Never have so many important few, done so little good, for so many people.
http://www.youtube.com/watch?v=LO2eh6f5Go0
Hilarious!
Cute. Posted over at Mish's now.
That was great... thanks for sharing...
"I don't know where the money is coming from to keep the markets from not plunging."
Interesting question to ask would be .. where is the money going from insider sales? Into a different stock, into gold or into bonds? Does the money stay in the US or goes offshore?
Nordstrom got dumped today for Goldman. Money is not leaving the market, it just travels from one balance sheet to another.
This is where the money is flowing.
http://fofoa.blogspot.com/2009/03/all-paper-is-still-short-position-on.html
Are you sure that the bottom green triangle isn't mislabeled? Shouldn't it be "Goldman"?
hahahahah
that was funny.
Gold, man!
Gold!, man, Sacks!
Where is health care in this pyramid? Patients and physicians are now commodities, bought and sold as "covered lives" or "participating providers." Sales commissions make up about 10% of the trillion/year spent on health care. Where is it?
I read that article over at FOFOA awhile ago when someone posted it in the comments section of a story here at Zero Hedge. While I agree with his premise entirely, I was left with one question: why are diamonds and gemstones so much higher up than gold? Shouldn't they be right beside gold? If someone could explain it would be greatly appreciated.
IMO - stones have a major disconnect from stored wealth unless you are being frisked and in mortal danger (i.e. Jews who sewed diamonds into clothing seams). First, Central Banks don't hoard stones, merchants do. DeBeers et al have been fantastically successful in marketing their commodity. Diamonds linked to marriage is a relatively new concoction. Second, bullion is fairly uniform and easy to evaluate for the layman in its common smaller forms. Stone grading is much more difficult and almost always involves a degree of trust. In a crisis, trust will be impaired.
I guess they got used the smell of the major double flush dump Bezos took a few months ago..lol
It won't crash until a lot more suckers are sucked in; someone has to be left holding the dung bag, and it sure ain't gonna be the criminal de la creme currently doing the propping.
Still, something has to give.
You switched over to Bloomberg TV from CNBC too?
We switched in our office last week. Shoulda been done long ago.
LOL. Is this man for real>?
You switched over to Bloomberg TV from CNBC too?
We switched over in our office last week. Shoulda been done long ago.
Bloomberg is okay - the mornings are really good right now as they are simulcasting Bloomberg radio (Keene and Prewitt) - but after labor day its back to Betty Liu who makes Erin seem like a rocket scientist. They also are really bad at recycling stories throughout the day.
FoxBusiness is a good alternative it you want to change things up a bit.
That's why you have 3 TV's providing disinfo overload.
Betty Liu has Jughead eyes. She'd be a bit more attractive if she would take a Red Bull or something before each broadcast.
Keene and Prewitt are the best. They should dump the TV and
just tape those two. I listen 1130 on the AM all the time.
It probably was my wife Pandora. Her and Bernanke have a thing about creating money out of thin air.
interesting comments but he totally misses the issue with the july over june 2009 income figures....the increase was so small as to be statistically insignificant....why do people get so flustered over statistically insignificant changes in data?? sure we expected income to fall as he noted but initial estimates are subject to sampling error - even the final numbers are subject to sampling error....people have got to pull their heads from out of the inner butts....
Where the New PPT Hides
This article draws connections between the greatest financial bubble of all time and how the Fed uses names like AIG in a Ponzi scheme to offload U.S. debt. Hopefully it will be so obvious you’ll feel sick. It also explores High Frequency Trading and the myth of savings accounts.
http://www.gamingthemarket.com/2009/08/where-the-new-ppt-hides.html
The new PPT is the old PPT. "The Reston 6". 6 Hedgies based out of Reston, VA. Thank you.
ahhh yes, the reston 6 returns.
sounds like a great subject for a future post, yes?
nice article thanks
SRS = South Reston Sea Co.
FAZ = Fck All 0Hers
get the picture of who's on the other side of that trade?
look in the mirror maybe?
This article draws connections between the greatest financial bubble of all time and how the Fed uses names like AIG in a Ponzi scheme to offload U.S. debt. Hopefully it will be so obvious you’ll feel sick. It also explores High Frequency Trading and the myth of savings accounts.
http://www.gamingthemarket.com/2009/08/where-the-new-ppt-hides.html
befuddles me as well...been waiting for the crash since june
fucking printing presses
Actually, the money is going into muni bonds (from pvt wealth mgmt).
http://debtsofanation.blogspot.com/2009/08/debts-of-spenders-muni-bonds-...
Bears, I would be careful - ED futures are cyclically bullish in September. That means cheaper credit for leveraged plays. And if 99% of the people are uber bears in September, then the 1% of the population that is bullish will fadde them. . . just like they've been doing all summer long.
Flash trading and the like isn't even particularly necessary. Have you been looking at the Commitment of Traders reports?
I have. There are clues inside.
OhMy they are selling! Imagine that?
Sniff-sniff. Can we smell any-ting here?
"I don't know where the money is coming from to keep the markets from not plunging."
Keep the market from **not** plunging? That's rich. If he doesn't know then why the eff would I want to listen to anything he has to say? "Um, I don't jack squat, here's what I think..."
Do tell.
cause he has importantly sounding last name
Are you talking about a minute and twenty-nine seconds into the video?
I listened to it a couple of times, and it sounds to me like he uses "not" instead of "from," which is the word I would have used. Although, I don't disagree with your sentiment, because I've seen him speak a couple of times before without being impressed.
I read this guy's book recently after seeing an article on Zerohedge from him. Marginally interesting, I bought it for $0.75 online, I think it was a stolen library book.
Anyhow, he basically says that through "liquidity" analysis you can determine whether or not the market in general will go up or down. Not very revolutionary in today's day and age, but maybe when it originally came out it was groundbreaking.
Things that decrease liquidity are things like stock buybacks, money flowing into mutual funds, insider buying, etc. These will increase stock prices.
Things that increase liquidity are things like stock offering, money flowing out of mutual funds, and insider selling. Based on what we've seen since March, there have been a shitload of stock offerings, and a shitload of insider selling. I have no idea what the mutual fund inflows/outflows are, but according to his liquidity theory, the markets should be tanking soon.
However, as we know, it's not. At some point something's got to give... right? RIGHT???
Would be really great to see the latest from Bob Janjuah tight about now....was his 1022 for 4 days broken by a bit? Does it matter?
Off Topic...why am I not surprised????
As if Obama’s health care proposals were not flawed enough, CBS News reports a previously unnoticed provision of the bill which makes a shambles of any privacy surrounding your federal tax returns. Under the House bill, the IRS is required to make available to the new government Health Choices Commissioner” established by the legislation and to each state health program all of your personal tax information.
In a blog, CBSNews’ Declan McCullagh reports that “Section 431 (a) of the bill says that the IRS must divulge taxpayer identity information, including the filing status, the modified adjusted grow income, the number of dependents, and ‘other information as is prescribed by’ regulation” to the “new Health Choices Commissioner and state health programs.”
And, McCullagh also reports that, under Section 1801(a) “the Social Security Administration can obtain tax return data on anyone who may be eligible for a ‘low-income prescription drug subsidy’ but has not applied for it.”
Live coverage of the SO CAL fires streaming at
http://www.thestreet.ca
Thanks... I loved the layout of the www.thestreet.ca
That is a really nice layout with all the blogs I read and the ability to click on them and they will open in the adjacent window... and all the breaking news... thanks for that... it has been saved and will be what I use from now on..
I'm really looking for friday and the payroll numbers... can't the goverment jus as easily fudge this number?
Extremely dangerous Hurricane Jimena roared toward Mexico's resort-studded Baja California Peninsula on Monday, prompting emergency workers to set up makeshift shelters and chasing away an international finance conference. Even God is pissed at these fucking bankers!
Maybe the hurricane can put out the forest fire... if it does then we will know that 2012 has officially arrived.
Thank God for small mercies.
hahahaha..glad I did not buy that house in La Paz last month...
"I don't know where the money is coming from to keep the markets from not plunging."
LOL...either he's a moron or doesn't have the balls to say it openly (which is the primary reason we're going down the shitter). Here...I'll make it easy for ya...IT'S THE FED PRINTING PRESS. Got it? Good.
Its 401K money still being plundered by mutual funds and managers. Hey, so the correction took you back 8 months, what's the big deal???
"I don't know where the money is coming from to keep the markets from not plunging."
that expensive little prognostication model of his must not do so well in this environment. trim tripe.
Where did it come from? PFM, Pure Fuckin' Magic.
Creepy energy given the movie Biderman comet earth changed forever
The money is coming from china's sovereign wealth fund. They invested about 30 billion then took a long break. they started up at the begining of the year again and now the manager is gloating about how well he is doing. Lets see how long that lasts
http://capitalobserver.blogspot.com/2009/08/did-he-really-say-that.html
this market will go sideways longer than all of us can stay solvent.
rockyr
unbelievable live video of B-747 fire bomber over LA fires
Remember the Alamo!
This comment from Anon #54405 on another posts seems to fit well here…
Dr. Brett Steenbarger seems to be suggesting direct interventions into the stock market to buoy up stocks here:
http://www.ritholtz.com/blog/2009/08/the-recent-concentration-of-volume-...
Tyler, you also implied this in your earlier post.
The implications of this are mind-blowing! The government is now directly interfering with the financial markets on multiple fronts simultaneously.
_________________
quote:
…I took C, FNM, and FRE and expressed their *composite* volumes (e.g., the volumes transacted all exchanges) as a fraction of NYSE volume. What we see is that, early in 2007, those three stocks accounted for only 1-3% of NYSE volume. During the financial crisis of late 2008 and again as the market was bottoming in early 2009, that ratio skyrocked to well over 50%.
Recently, however, the volume in these three stocks has hit astronomical levels relative to total NYSE trading, as all three have made phenomenal percentage gains during August. Indeed, the composite volume of these three stocks alone has recently doubled total NYSE volume. If we look at just the NYSE trading of these firms, they are accounting for about 40% of NYSE volume…
My best guess? We’re seeing a massive infusion of capital into very troubled financial institutions, no doubt aided by short covering and the participation of program traders and proprietary daytrading firms. Where is the capital coming from? Why has it poured in so suddenly (the really large infusions began in early August)? Why is it coming in at such a pace that it is dominating NYSE volume? Zero Hedge rightly wonders why this hasn’t triggered alarms at the exchange. And why is it happening with only the weakest financial institutions? ...
this is certainly important information but
not nearly so novel as one might suspect....
the president's working group on financial
markets is designed expressly for this purpose
and has been in existence since 1987....
the extent of its reach has grown to new extremes....
the financial terrorists and oligarchy must be
crushed and the fire economy quenched....it is
a parasitic destroyer of a productive and
healthy economy.....
we are in the end game of the fire economy
bonfire...the plutocrats are sacking the economy
- just as the barbarians did of rome - before
taking capital elsewhere...
the debt levels are way too high for any further
productive economic growth....we are doomed
so long as the parasite lives....
1% of americans control 57% of its wealth - up
from 37% in 1979....this is the greedscam
and bernanke legacy...it is an outrage...
Excellent questions.
-AnonymousZero
"...why is it happening...?"
Um...since it is easy to do with other people's money, and so that the populace does not panic, while the politicoes continue to distribute other public funds to reward various supporters?
Most people (me included) expect to see another big fat equity collapse to put valuations closer to something resembling economic reality. The problem is that when most people expect something, markets have a habit of handing out the punishment.
That makes me nervous.
In truth, with markets as manipulated as these, I really don't have a clue what's going to happen in the near term. That's not something I like at all. Veeery close to joining the exodus of capital from the USA, but I do like the action in a perverse kind of way.
Send Lawyers, Guns, and Money.
... the shit has hit the fan.
RIP, WZ
Send Lawyers, Guns, and Money.
I'll never understand why people make that statement. Lawyers? what the fuck do you expect us to do? Gimme a semi automatic, thank you very much.
Google Warren Zevon, doll. Just a hip song reference- you do realize all posters here are uber-cool, eh?