Comments on: Sense on Cents Navigates the Markets http://www.senseoncents.com/2009/06/sense-on-cents-navigates-the-markets/ Navigating the Economic Landscape Fri, 10 Sep 2010 16:12:26 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Larry Doyle http://www.senseoncents.com/2009/06/sense-on-cents-navigates-the-markets/comment-page-1/#comment-2284 Larry Doyle Fri, 05 Jun 2009 21:50:13 +0000 http://www.senseoncents.com/?p=5838#comment-2284 MPC, No surprise here. May be a tough case to prove but the SEC needs some scalps to hang. Mozilo had Chris as one of "his" friends and gave him a special deal on the mortgage that saved Chris 75k. I would bet that the WSJ, Fox, and Sense on Cents makes more than a passing mention of this topic. Back to Mozilo. He can probably make life more than a little uncomfortable for Dodd and others on the Hill. I would bet that he ends up getting a BIG fine which for him amounts to pocket change. MPC,

No surprise here. May be a tough case to prove but the SEC needs some scalps to hang.

Mozilo had Chris as one of “his” friends and gave him a special deal on the mortgage that saved Chris 75k. I would bet that the WSJ, Fox, and Sense on Cents makes more than a passing mention of this topic.

Back to Mozilo. He can probably make life more than a little uncomfortable for Dodd and others on the Hill. I would bet that he ends up getting a BIG fine which for him amounts to pocket change.

]]> By: MPC http://www.senseoncents.com/2009/06/sense-on-cents-navigates-the-markets/comment-page-1/#comment-2280 MPC Fri, 05 Jun 2009 20:56:00 +0000 http://www.senseoncents.com/?p=5838#comment-2280 LD- Any thoughts on the charges against the top dogs at Countrywide? If I'm not mistaken, you've mentioned more than a couple times the connections between Chris Dodd and his "buddy" at Countrywide. Think any of the media discussion will follow that lead? MPC LD- Any thoughts on the charges against the top dogs at Countrywide? If I’m not mistaken, you’ve mentioned more than a couple times the connections between Chris Dodd and his “buddy” at Countrywide. Think any of the media discussion will follow that lead?

MPC

]]> By: Mountainaires http://www.senseoncents.com/2009/06/sense-on-cents-navigates-the-markets/comment-page-1/#comment-2278 Mountainaires Fri, 05 Jun 2009 20:05:17 +0000 http://www.senseoncents.com/?p=5838#comment-2278 Via Panzner at Financial Armageddon: http://pragcap.com:80/despite-green-shoots-insider-selling-picks-up <strong>Insiders selling like crazy, and they're not buying.</strong> <strong>The Pragmatic Capitalist reveals: "Despite "Green Shoots" Insider Sales Spike"</strong> <blockquote>The latest data on insider selling shows little relief in the relentless unloading of company stock by corporate insiders. In the last two weeks insiders sold over $335MM in stock vs listed insider purchases of just over $12MM. As has been the trend over the course of the last few weeks the list of insider selling has been long and the amounts have been staggering. The buy side, on the other hand, is represented by low rated, low priced stocks whose insiders rarely purchase over $500K. One might think that with all of these “green shoots” the insiders at major U.S. corporations would begin buying up their own shares voraciously. Especially after a nice little run like we’ve seen lately. After all, with stocks still 35% off their highs and a full blown economic recovery (supposedly) on the horizon it would make nothing but sense than to buy your own shares, right? Although there were signs of life in early May the overall <strong>trend in buying remains very low</strong>. As we’ve noted before it’s not the mountain of selling that most concerns us, but the total lack of buying. Insiders sell for many reasons, but they only buy their own stock when they are confident that the price will rise. As of now, insider buying remains incredibly weak which is more than likely a vote of (no) confidence in future business operations.</blockquote> Via Panzner at Financial Armageddon:

http://pragcap.com:80/despite-green-shoots-insider-selling-picks-up

Insiders selling like crazy, and they’re not buying.

The Pragmatic Capitalist reveals: “Despite “Green Shoots” Insider Sales Spike”

The latest data on insider selling shows little relief in the relentless unloading of company stock by corporate insiders. In the last two weeks insiders sold over $335MM in stock vs listed insider purchases of just over $12MM. As has been the trend over the course of the last few weeks the list of insider selling has been long and the amounts have been staggering. The buy side, on the other hand, is represented by low rated, low priced stocks whose insiders rarely purchase over $500K.

One might think that with all of these “green shoots” the insiders at major U.S. corporations would begin buying up their own shares voraciously. Especially after a nice little run like we’ve seen lately. After all, with stocks still 35% off their highs and a full blown economic recovery (supposedly) on the horizon it would make nothing but sense than to buy your own shares, right?

Although there were signs of life in early May the overall trend in buying remains very low. As we’ve noted before it’s not the mountain of selling that most concerns us, but the total lack of buying. Insiders sell for many reasons, but they only buy their own stock when they are confident that the price will rise. As of now, insider buying remains incredibly weak which is more than likely a vote of (no) confidence in future business operations.

]]> By: Larry Doyle http://www.senseoncents.com/2009/06/sense-on-cents-navigates-the-markets/comment-page-1/#comment-2277 Larry Doyle Fri, 05 Jun 2009 19:55:19 +0000 http://www.senseoncents.com/?p=5838#comment-2277 Dadddy....wow!! Thanks for sharing. When the Fed is hiring a PR person you know we have sunk to new lows. Whatever happened to keeping the Fed totally independent and above the fray. Not in the Brave New World of the Uncle Sam economy. Thanks for sharing. Dadddy….wow!! Thanks for sharing. When the Fed is hiring a PR person you know we have sunk to new lows. Whatever happened to keeping the Fed totally independent and above the fray.

Not in the Brave New World of the Uncle Sam economy.

Thanks for sharing.

]]> By: bonddadddy http://www.senseoncents.com/2009/06/sense-on-cents-navigates-the-markets/comment-page-1/#comment-2276 bonddadddy Fri, 05 Jun 2009 19:15:34 +0000 http://www.senseoncents.com/?p=5838#comment-2276 speaking of Fed , look at what they up to , LD ! ( http://www.monkeybusinessblog.com/mbb_weblog/2009/06/you-really-really-cant-make-this-sht-up.html#comments ) speaking of Fed , look at what they up to , LD ! ( http://www.monkeybusinessblog.com/mbb_weblog/2009/06/you-really-really-cant-make-this-sht-up.html#comments )

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