Replies to post #35986 on Profunds index and sector trading (PRO)

[choad]

Sounds good Trops but I have my own solution.........let the chips fall and quit trying to put a bandaid on every sector of the economy and citizenry that has made poor decisions and is in distress. This whole misallocated dreamword economy needs to get flushed including all the government hand me down crap that just perpetuates the misallocations and rewards stupidity......delaying the ultimate outcome will not make it more palatible, of course, JMHO. The ultimate outcome will be close at hand when all the fluff and pomp comes to its knees.......don't expect that to happen in my lifetime with the mentality of this society but the cat might be stronger than the bag, we shall see.

[CaribbeanJim]

What I find interesting is amidst all the doom and gloom of high food and energy prices, bankruptcies, foreclosures, massive debt, etc., that the corporate insiders are still very heavy buyers of stocks right now which typically are bullish for stocks. (I subscribe to SentimenTrader.com.) -- I wonder if the corporate insider data is misleading because it is probably heavily weighting successful global fortune 500 companies (that do well during a domestic downturn).

Well, I guess if our country is heading toward a Great Depression type scenario, I would expect our corporate leaders to be wrong. I believe ALL income levels (high, middle-class, and low) must be wrong to create a Great Depression scenario. So far, the low incomes were wrong with subprime. The middle incomes are wrong with their big gas guzzlers, mansions in the suburbs, and real estate investments. Now it is the high income class that could be wrong with their huge stock positions and massive city building projects -- just look at all the cranes in the big cities. (The high income class has been wrong since Oct 2007 with their highest insider buying ever as the market is declining overall.)