Insiders Continue To Abandon Ship

Last night when showing you the length of the negative divergence in the market during 2010/2011, I reminded you of the insider selling ratio that has been in the triple digits and occasionally higher. This week's Bloomberg insider trading was in the triple digits, 147:1 actually. This week there were $2.3 million in purchases, nearly half of that in one stock alone. On the sell side, $333 million in insider sales.

For newer members, this is nothing new, I can't remember the last time the ratio was skewed toward buying, insiders have been selling for as long as I can remember , well over a year.