In the stock market, open market purchases of company stock by senior management (“insiders”) is considered to be bullish. After all, executives may sell stock for many reasons — to diversify, to raise money for things like real estate purchases, college tuition, etc. Presumably, however, there’s only one reason insiders buy: they think their company’s...Read More
“Better Late Than Never” Dept.No, I’m not wishing that the stock market goes down. But at least it’s going down today for a “good” reason: it’s being pulled down by a sharp drop in the price of Goldman Sachs stock, which may now be charged criminally (it is already the subject of civil fraud charges)....Read More
“Learning to Love Insider Trading”!!?? Want to keep companies honest, make the markets work more efficiently, and encourage investors to diversify? Let insiders buy and sell. –Donald J. Boudreaux, “Learning to Love Insider Trading”; The Wall Street Journal (10/24/2009) Goldman Sachs director Stephen Friedman resigned from the New York Fed in May, after The Wall...Read More
