ITRADE Wrote:
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> October is indeed a sour month historically.
>
> I concerned about the P/E ratios on a lot of
> companies. Very overblown.
>
> I am VERY concerned about the very noticeable
> uptick in "insider" sales in August and September.
> If the train was going to run for a long
> distance, you'd think many insiders would hold or
> increase their positions. They're not...
It's typical. The insiders have been backing out of their positions while the idiots on E-Trade bolster the market. Once the unemployment and earnings reports hit, the bike store managers who think they are part-time day traders are going to lose their shirts. In the meantime, informed investors will sit on the sideline and will either hold or roll back in based on the holiday sales figures.
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http://bible.cc/1_corinthians/13-11.htm