Thursday, August 11, 2011

Straws in the Wind: "Insiders Buy Stocks at Highest Rate Since 2009"

DJIA 10,818, +98; S&P 1130. +9.
From Economic Policy Journal:
More executives at Standard & Poor’s 500 Index companies are buying their stock than any time since the depths of the credit crisis after valuations plunged 25 percent below their five-decade average.

Sixty-six insiders at 50 companies bought shares between Aug. 3 and Aug. 9, the most since the five days ended March 9, 2009, when the benchmark index for U.S. equities reached a 12- year low, according to data compiled by Bloomberg...MORE