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Insiders Put the Petal to the Metal as Animal Spirits Show Signs of Life

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Animal spirits are picking up.  This is the most buying we’ve seen since the market sell-off last December. One thing for sure, Insiders buy stocks when they think they are cheap.  Highlights are: Several insiders bought GE stock immediately prior to and immediately after Harry Markapolis’s interview on CNBC where he alleged fraud. Axogen Chairman bought $1 million worth of stock after the company she leads plunged 30% on weaker earnings forecast Outdoor billboard leader, Clear Channel newly appointed Chairman bought $913k at $2.28 per share.  CCO is loaded with debt. Three CIT insiders took advantage of low prices to … Read more

‘s Getting Interesting- Insider Buying Picks Up Week Ending 8-9-19

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After weeks of dull action, insider buying has finally picked up. Part of it is the end of 2nd Quarter earnings blackout and part of it is the market sell-off.  The highlights: Charlie Egren, the founder of Dish, is making a massive bet on 5G, buying assets in the pending TMobile Sprint network and committing billions to buy more bandwidth.  Its a bet the farm expensive gamble on a player late to the game.  But if the competing networks are slow in getting 5G rolled out, Dish might be able to lumber in and get a piece of the future … Read more

Stock Market gets Clobbered – 4 Insiders buy over $6 million of Pharma Giant AbbVie $ABBV

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Another dull week for insider buying but not the market. Markets have the worst week of the year.  This hardly comes as a surprise as insiders are an endangered species, the lowest ratio of buying on record according to the Washington Service.  A word to the hopeful, there is always something to buy but expect it to be painful.   The pharmaceutical giant has seen its price plummet since announcing the purchase of Allergan. Abbivies’s #1 drug, Humira, is coming off patent.  Humira is the brand name of the biologic medicine adalimumab and was first approved for the treatment of rheumatoid arthritis … Read more

S&P rates Subprime Mortgages higher than the USA

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S&P rates Subprime Mortgages higher than the USA MHP Standard & Poor’s gives a higher rating to securities backed by subprime home loans, the same type of investments that led to the worst financial crisis since the Great Depression, than it has assigned to the US government debt. S&P is poised to provide AAA grades to 59% of Springleaf Mortgage Loan Trust 2011-1, a set of bonds tied to $497-M lent to homeowners with below-average credit scores, and virtually no equity in their properties. New York-based S&P took away the US’s Top rank on August 5, saying Washington politics were … Read more

ReInventing the American Dream, Abroad!

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The late George Carlin, the outspoken and controversial comedian and modern day philosopher, said it best: “The reason they call it the American Dream is because you have to be asleep to believe it.”  Well these days that’s certainly true. America’s forefathers and the first colonists risked everything to escape tyranny in Britain, and they fled to the New World to form ‘a more perfect union.’ So what has happened in the last 235 years that has brought the United States to the sorry condition it’s in today?  New American Nightmare First, it’s important to define what exactly the “American … Read more