Is this for real?
DJIA closes to 9,000 points on 4 May 2009. Cheers....... I told you sold........
Then again, statistics indicates that the 1st 3 weeks of April 2009, insider sell more shares in value by 8 times as against what is bought.
Example, insider (CEOs, senior officers) bought about say USD100 billion worth of shares and sold USD800 billion worth of shares. Hmmm....... I wonder what that means.
MyView
Well, the facts says that fundamentally, the US economy statistics over the last few months did not improve much, in fact the first quarter of 2009, it posted a contraction of GDP of 6.1%, worst than the consensus.
What about unemployment figures? Are they improving? What about banks? What about mortgages? CDS? MBS? Did most of the fundamentals of these assets class improved over the last 3 or 4 months?
Well, but the rally is so convincing, it went up from 666 and now to about 900 points? So what are we missing hear? Well, one must really read between the lines. GoOD LucK. Invest wisely.
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