CHAPEL HILL, N.C. (MarketWatch) — The insiders did it, yet again.
Just when it looked like their accelerated selling would put the icing on the cake of a new bear market, they retreated. By so doing, they have given the bulls a shred of hope that the bull market is yet alive.
Corporate insiders, of course, are officers, directors and particularly large shareholders. They are required to report almost immediately to the SEC whenever they buy or sell shares of their companies, and many pay close attention to patterns in their transactions — on the theory that they know more about their firms’ prospects than do the rest of us.
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