Month: July 2023

Insider Buying Week 7-28-23 Euphoria has Begun

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Last week pretty much heralded the end of the bear market.  True, long-lasting bull markets start with a plethora of insider buying. That’s obviously not happening.  I’m trying to figure out what that means.  Every significant market correction ended with a near explosion of the insider buying versus selling ratio going vertical. Right now, insiders are cautious. I think we should be too.  That doesn’t mean there won’t be anomalies.     Name: John H Stone Position: President and CEO Transaction Date: 2023-07-27  Shares Bought: 17,500 Average Price Paid: $116.62 Cost: $2,040,892 Company: Allegion plc (ALLE) Allegion plc, a leading … Read more

Insider Buying Week 7-21-23 Is the Bear Market Over?

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The headline in Bloomberg this weekend reads, “The Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It Began.” Bear markets don’t come around often. However, when they do, they tend to cause some catastrophic damage to many investors. That’s why it is important to know how often bear markets occur and how long they will last. The average length of a bear market is 289 days or about 9.6 months.  By that measure, the bear market has already been over for some time. The thing about bear markets is that they tend to be much shorter than … Read more

‘s Different this Time

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Esteemed Wharton professor Jeremy Siegel says we are in a ‘Goldilocks economy’ and the Fed doesn’t need to raise interest rates anymore. You hear this term mentioned when almost all the risks and scary things that you can anticipate in the market are out there in full view, and nothing scares the crap out of you.  Top of my news feed this morning is the idea that we have a Goldilocks market.  I even wrote about it myself in The Insiders Fund’s most recent partner letter. The Goldilocks market is back.  So what is Goldilocks in financial terms?  According to … Read more

Insider Buying Week 7-07-23 Does the Marlboro Man want to break up with Mary Jane?

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The quarter end is normally a dead time for insider buying.  When July 4th falls in the middle of the week, it’s especially boring. There is one thing that stood out on the insider’s front. It’s a story that Reuters broke last Thursday. It was reported that Cronos (CRON)had received numerous buyout offers.  The $2 stock spiked on this news but couldn’t even hold any gains and closed Thursday at the same price or even lower than before the news broke. I find this curious. Reuters is credible. This is not some Reddit post or a firehose of idiots on … Read more

Insider Buying Week 6-30-23-The Nasdaq 100 notched its best-ever first half of a year.

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The Nasdaq 100 notched its best-ever first half of a year.  In a classic reversion to the mean, the worst-performing sector usually becomes one of the best-performing ones.  The Nasdaq 100 will need to rise nearly another 200 points to recoup the amount lost since December of 2021.   I doubt if it could have recouped these losses this fast, though, without the market hype about generative AI. Nasdaq had been on an unsustainable tear since the beginning of the 2020 work-from-home hyper stimulus-infused Pandemic.  I have no idea how long this can last, but I can say with reasonable confidence … Read more

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