With your local friendly asset-gatherer constantly promoting the cheapness of stocks of the TINA (there is no alternative) to BTFATH, TV talking-heads jabbering over 'stock-pickers' markets (infuriating Cliff Asness), and CEOs trotted out day after day to espouse how bright the future looks (even if outlooks in the immediate future are down-down-down-graded); it is hardly surprising that sentiment among the sheeple is so extremely bullish. So, when we saw the chart below... we could only ask - what do the insiders know that the average-joe-investor doesn't?
Of course, we are sure someone will try and explain away this
avalanche of insider-selling with "tax-related" factors or
"taking-profits" but none of that negates the less-than-optimistic tone
that it implies about what the short- or medium-term expectations are
from management of the firms that comprise the US equity market...
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As markets continue to see some wild trading as we start 2014, today James Turk told King World News that a massive spike in the price of silver is going to shock the world in 2014. Turk also warned about central planners’ desire to control humanity through banking and currencies, and also included a fantastic chart of silver.
Turk: “The big question everyone should be asking here, Eric, is: When are gold and silver going to break out from the huge base both precious metals have been forming since their low price was reached last June?….