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Insider Selling-To-Buying Hits Record As Biderman Welcomes "The New Recession"

Tyler Durden's picture




 

While not according to official government statistics (yet), which we have come to trust so Pavlovian-ly, TrimTab's CEO Charles Biderman notes that based on what is important - the growth (or lack thereof) of real-time wages and salaries, the US economy has slowed enough to enter into recession. Following December's aberrant jumps thanks to tax hike concerns, after-tax wages and salaries (net of inflation) have been shrinking year-over-year since the second week in January. But it gets better, withheld income and employment taxes have been running about 8.3% higher year-over-year. While retail is being told to buy-buy-buy, Biderman exclaims that "insiders at U.S. companies have bought the least amount of shares in any one month," and that the ratio of insider selling to buying is now 50-to-1 - a monthly record. "So far the mass delusion is holding."

 

 

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Fri, 03/01/2013 - 14:30 | 3291047 fonzannoon
fonzannoon's picture

the only thing missing from this crash is a crash.

Fri, 03/01/2013 - 14:35 | 3291064 BaBaBouy
BaBaBouy's picture

FLASH ... MUCH More Important NEWS ...

TACO BELL finds horse meat in products...

...tacos, burritos, gorditas, chalupas and Nachos

@ Drudge

Fri, 03/01/2013 - 14:38 | 3291078 BaBaBouy
BaBaBouy's picture

They Are Also Working On Replacing Tungsten With Horse Meat...

Fri, 03/01/2013 - 15:00 | 3291144 astoriajoe
astoriajoe's picture

Matter of time till it shows up in the U.S., if its not here already.

http://www.washingtontimes.com/news/2011/nov/30/obama-congress-restore-u...

Fri, 03/01/2013 - 17:27 | 3291701 css1971
css1971's picture

It's still spreading?

Fri, 03/01/2013 - 22:30 | 3292417 Ban KKiller
Ban KKiller's picture

Taco Bell BUYS horse meat for their products?

Sat, 03/02/2013 - 01:22 | 3292816 Kickaha
Kickaha's picture

I didn't know Taco Bell used meat in its products.  There is nothing in their tacos that looks like meat.

Sat, 03/02/2013 - 02:15 | 3292873 Lord Of Finance
Lord Of Finance's picture

Ha ha!  It sure don't look like meat. Taco bell uses what it calls a "meat mixture", and we are not talking meatballs here. Taco Bells meat mix is a poo-puree of mystery "ingredients" that are sure to shorten the lifespan. Dig in!

Fri, 03/01/2013 - 14:55 | 3291123 insanelysane
insanelysane's picture

The coyote has run off the cliff but his feet are still moving.

Fri, 03/01/2013 - 15:04 | 3291162 rotagen
rotagen's picture

I trust this guy about as much as I trust my pet rattlesnake.  Check his history, if you do the opposite you're always right.  Dead giveaway is how he is complaining about the gov whining about the debt.  

 

Reality check: our money is fake, the debt is fake, enforced at gunpoint by a few families who've been doing this crap for decades, and recently met again at Jekyll to "celebrate", wake up, "austerity" ain't for them. 

Fri, 03/01/2013 - 19:41 | 3292078 Bandit und Buster
Bandit und Buster's picture

+1000

Fri, 03/01/2013 - 14:32 | 3291050 Bam_Man
Bam_Man's picture

Good to see that Charlie has recovered from his nervous breakdown and has been released from the sanitorium.

Fri, 03/01/2013 - 14:36 | 3291065 howenlink
howenlink's picture

From the looks of the background, he is still in the crazy place.

Fri, 03/01/2013 - 14:55 | 3291125 Bam_Man
Bam_Man's picture

What? You think a neighborhood of $3MM 1200sf homes that have utility wires dangling above them is crazy? 

Fri, 03/01/2013 - 15:04 | 3291160 Dr. Richard Head
Dr. Richard Head's picture

No crazier than the $220K 2,100 sf homes in my neighborhood positioned next to a nuke plant.  Does my goiter make my dick look big?

 

Fri, 03/01/2013 - 17:32 | 3291719 WillyGroper
WillyGroper's picture

That's damn funny!

Fri, 03/01/2013 - 15:11 | 3291191 waterwitch
waterwitch's picture

Those aren't wires. They're drone contrails.

Fri, 03/01/2013 - 15:03 | 3291157 Taffy Lewis
Taffy Lewis's picture

I love Uncle Charlie. He has a gentle, comforting way to tell us that we are totally fucked - and that we are going to continue getting fucked.

Fri, 03/01/2013 - 15:17 | 3291211 Osmium
Osmium's picture

Not only are we getting fkd, there is nothing we can do about it.

Fri, 03/01/2013 - 14:36 | 3291060 BaBaBouy
BaBaBouy's picture

.

Fri, 03/01/2013 - 14:52 | 3291088 Cdad
Cdad's picture

50 to 1 insider selling to buying?  So Biderman is saying there's a chance....    I wonder if this little factoid might influence the three primary sequester cut demographics announced earlier today during the President's press conference?

It might push janitors about to be fired over into a high beta portfolio, rather than taking the Spam and Potato Buds restocking at WalMart plan?

Babies in incubators...man...their put buying is about to go nuts.  Gotta get a Najarian on "unusual option activity watch" coming from Maternity wards in major metropolitan hospitals.

This one is going to be close, and of course we won't get confirmation from school aged children of soldiers until after the closing bell.

Fri, 03/01/2013 - 14:43 | 3291092 q99x2
q99x2's picture

Nice spiritual message at the end. I like Biderman. I do not like the telephone wires that seem to end in his head.

Fri, 03/01/2013 - 14:48 | 3291107 Bam_Man
Bam_Man's picture

And that is Alcatraz just above his right shoulder.

Fri, 03/01/2013 - 15:13 | 3291194 GubbermintWorker
GubbermintWorker's picture

Bet there is a utility pole behind his head.

Fri, 03/01/2013 - 14:44 | 3291095 stiler
stiler's picture

"Heaven help us" -- part of the sheeple's delusion.

Not that there isn't a Heaven, but that it has cut us free, with the exclamation, "You reap what you sow".

Fri, 03/01/2013 - 14:56 | 3291130 redpill
redpill's picture

At least sows taste better than horses.

Fri, 03/01/2013 - 15:08 | 3291176 blu
blu's picture

We take it you speak from personal experience in that regard.

Fri, 03/01/2013 - 14:58 | 3291136 busted by the b...
busted by the bailout's picture

Yes, a recession is a lock at this point, imo. 

The question is what does/can Ben do about it?

1937 looms in our near future.

Fri, 03/01/2013 - 15:00 | 3291141 mayhem_korner
mayhem_korner's picture

1937 looms in our near future.

 

A.D. or B.C.?

Fri, 03/01/2013 - 15:09 | 3291180 blu
blu's picture

Nice one.

Fri, 03/01/2013 - 16:12 | 3291389 r101958
r101958's picture

Problem is, with current and previous meddling, our 1929 never played out as it did in the original 1929. Too much gov't rescue. Instead of 1937, we will have another 1929..., if not worse, until the market/economy is allowed to correct the distortions. After that maybe we can move on to 1937. However, in 1937 we still had almost endless resources and cheap fuel at our disposal. Not the same now.

Fri, 03/01/2013 - 15:00 | 3291143 natronic
natronic's picture

He's missing some sunglasses and some gold chains

Fri, 03/01/2013 - 15:03 | 3291155 astoriajoe
astoriajoe's picture

and a pimp cup.

oh that would be delicious.

Fri, 03/01/2013 - 15:08 | 3291178 adr
adr's picture

I welcome the market decline if it ever happens. My company's best year was mid 2008-2009. When the ability to generate fake cash from the stock market disappears, in order to stay in business retailers must turn back to product that actually sells.

When buyers aren't directed to channel stuff billions in merchandise that never actually sells, it opens a lot of dollars for the little guys. All we need is $10 million in open to buy to do really well. I'll happily take 1/10th the budget of channel stuffed Skull Candy headphones.

Fri, 03/01/2013 - 15:15 | 3291206 shovelhead
shovelhead's picture

Are those Bernanke Buzzards flying around in the background?

50-1 selling...Sounds like Muppet hunting to me.

Fri, 03/01/2013 - 15:24 | 3291235 besnook
besnook's picture

what the fuck does biderman know.

cnbc just posted a report from diane olick that said housing inventory is the lowest in twenty years and it is a sellers' market out there with homes getting 10 or more offers 10-20% above comps.

all these guys are selling stock to buy homes that will double in value in the next 6 months. these low interest rates mean a walmart salary can buy a half million dollar 2/2. buy home depot, lowes and bed bath and beyond. this will save sears.

Fri, 03/01/2013 - 19:18 | 3292013 Notarocketscientist
Notarocketscientist's picture

Fuck ya - housing has recovered - ask Businessweek:  http://www.poynter.org/wp-content/uploads/2013/02/bw-cover-22113.jpg

Fri, 03/01/2013 - 20:40 | 3292191 NihilistZero
NihilistZero's picture

"...these low interest rates mean a walmart salary can buy a half million dollar 2/2"

Uhhh... No.  This artificial constraint on inventory is designed to get the greater fools in line to clear the Banks books of the toxic RE trash.  Specuvestors and Joe W2 will lose the properties while FHA (taxpayers) eats the losses.  This has a year/year and a half to run, tops.

Fri, 03/01/2013 - 15:28 | 3291245 Sandy15
Sandy15's picture

Whew who........ go market go, it's Sequestration dooms day and the market is positive!!!!

 

Fri, 03/01/2013 - 15:30 | 3291255 madcows
madcows's picture

What is the definition of a recession or a depression?  If the Government prints trillions in IOU's in order to stave off an economic collapse, then in my opinion we are in a depression.  The nation is TRILLIONs more in debt than at the start of the "Recession".  Government borrowing is not included in GDP calculations, only it's spending.  If GDP took into account Borrowing, we'd have a negative GDP for the last decade, with or without the title of "Recession".

 

Is not the title of recession a declaration of a "Shrinking" economy?  Is not encumberance of debt the opposite of monetary growth?

Surely, the only separation between the "Great Recession" and the "New Recession" is the willfull disregard for the government's borrowing.

Fri, 03/01/2013 - 16:10 | 3291380 Bam_Man
Bam_Man's picture

So what you're saying is "the whole concept of GDP in a debt-driven, consumer-based economy is a fraud and a sham". 

You may be onto something there.

Fri, 03/01/2013 - 19:18 | 3292010 Notarocketscientist
Notarocketscientist's picture

What is the definition of total systemic economic failure?

Sat, 03/02/2013 - 07:58 | 3293095 prains
prains's picture

What is the definition of total systemic economic failure?

U>S<A

Fri, 03/01/2013 - 15:43 | 3291285 Smuckers
Smuckers's picture

All of our shares are belong back to you.

Fri, 03/01/2013 - 15:48 | 3291301 Tombstone
Tombstone's picture

Insiders are wrong...just ask Krammer.

Fri, 03/01/2013 - 16:02 | 3291349 yogibear
yogibear's picture

All is well until it isn't.

Fri, 03/01/2013 - 16:16 | 3291405 SDRII
SDRII's picture

Coincidence that Larry “long” Fink was Geithners most trusted lieutenant? ETF flows and all...

FT reports Geithner has phone friend at Blackrock October 2012.

“Mr Fink, the group’s chief executive, featured more frequently in Mr Geithner’s diary during an 18-month period than any other corporate executive, according to a Financial Times review. The two men spoke on at least 49 separate occasions, an average of about once every 11 days.”

Go all in Equity Feb-12

 

Fri, 03/01/2013 - 16:26 | 3291444 fuu
fuu's picture

Oh Biderman, where you gonna run to?

Biderman, where you gonna run to?

Where you gonna run to?

With the Goldman check.

Fri, 03/01/2013 - 16:37 | 3291481 Bunga Bunga
Bunga Bunga's picture

Hasn't CNBS mentioned the massive amount of money on the sidelines yet?

Fri, 03/01/2013 - 16:38 | 3291485 Bay of Pigs
Bay of Pigs's picture

He is simply painful to listen to. And he looks like shit too.

Fri, 03/01/2013 - 19:10 | 3291982 They Tried to S...
They Tried to Steal My Gold's picture

Look at porn and have him in the background ....it makes more sense that way...

Fri, 03/01/2013 - 19:16 | 3292000 news printer
news printer's picture

I disagree; if U would bother to listen to Charlie, U would understand his message

Fri, 03/01/2013 - 19:08 | 3291974 They Tried to S...
They Tried to Steal My Gold's picture

Love the "soak the rich speedboat" zooming in the background...

Fri, 03/01/2013 - 19:39 | 3292076 Bandit und Buster
Bandit und Buster's picture

This guy a Genius or WHAT?? LOL!  We need him to tell us we're in a recession or whatever?

Mon, 03/04/2013 - 12:17 | 3297892 Shizzmoney
Shizzmoney's picture

Wall St keeps saying over and over taxes need to be cut....but that is FAR from the truth.

The thing is, they have to have them raised....they NEED for them to be raised, because the governemnt needs enough revenue to take the hit when the TBTF sector falls flat on its face again.

Taxes will keep going up, especially on low-to-middle income earners (because they are the majority of us), no matter what Dem or GOP puppets are in there. 

While retail is being told to buy-buy-buy, Biderman exclaims that "insiders at U.S. companies have bought the least amount of shares in any one month," and that the ratio of insider selling to buying is now 50-to-1 - a monthly record.

Talk about the Ponzi scheme to end all ponzi schemes......

Mon, 03/04/2013 - 17:11 | 3298891 Sixthman
Sixthman's picture

Sloppy work on incomes. There are REAL reasons to be bearish...but weak arguments are bullish.
The 4.0 percent decrease in January DPI mainly reflected the effect of special factors, which boosted employee contributions for government social insurance in January and which had boosted wages and salaries and personal dividends in December. Excluding these special factors and others, which are discussed more fully below, DPI increased $37.6 billion, or 0.3 percent in January, after increasing $38.6 billion, or 0.3 percent, in December.

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