....insiders know that conditions within their business do not warrant the valuation that outsider market participants accorded to their stocks by buying up stocks to elevated levels.
....in other words, a large disconnect is occurring as the market has lost sight of fundamental outlook.
...at this point, the market is in "gambling zone" even for long term holders. In due time, long term holders who may now have had the chance to sell into unwarranted valuations but unwilling to due to Buy and Hold (forever) mantra could live to regret when the major correction finally arrives to result in multi-year winter hibernation.
You know who's not chasing stocks here? Insiders.
Corporate executives among S&P 500 firms have some of the least open market purchases in 13 years.
