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Insider Buying week 9-10-21 This is Trickery of the Highest Order

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For trade, details click on this link to the trades. September is living up to its reputation as the worst-performing month of the year and we’re just getting started.  U.S. stocks fell for a fifth straight day on Friday, with the S&P 500 ending the week down 1.7 percent in its longest losing streak since February.  But that’s just a diversion from the bigger story. When the game you’re playing makes no more sense, is it time to walk away from the game? Have the rules changed in some way that’s beyond your comprehension? This is trickery of the highest … Read more

Mercury General Auto Insurer Chairman Puts the Petal to the Metal

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 Mercury General Chairman George Joseph buys $9.2 Million more of this California property and casualty insurer.  MCY  with a current 6.4% dividend yield and a 34 year history of consecutive dividend raises, looks particularly tempting.  It’s off 44% from its high and the Chairman of the Board has bought $24 million worth of the company’s stock in the last 10 days. People are driving less, auto claims are down. The potential loss of reinvestment income due to lower bond rates seems overstated by this drop in price. Besides Mercury has been historically a  relatively bigger player in the equity markets, … Read more

Stock Market gets Clobbered- Insiders are Nibbling

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Insider Buying Week Ending May 31, 2019
Jay Hoag of Zillow Goes All In

Trump rocks market with trade wars on multiple fronts.  Impromptu tweet on Friday about tariffs on Mexico linked to immigration enforcement cap off a month that most investors would like to forget.  Monday’s action is likely not to be any better for FANGS with the news that the Justice Department is opening up an anti-trust investigation on Google aka Alphabet.   S&P 500 Wipes Out $4 Trillion in Its Second-Worst May Since the ‘60s.  Insiders are nibbling at a few names but in the short term are losing money like everyone else.