Re: Black Monday. Here is something that might have some bearing on having a "Black Monday" if not on May 16th, maybe on some future date. A report this morning from Thomson's Financial reports about insider sales/insider buys.....The ratio that Thomson reports as being particularly bearish is a ratio of 20/1....i.e. 20 sales to every 1 buy......interestingly for the past decade the ratio has averaged 24/1.......I didn't know that......brace yourselves........the current ratio is 60/1......... Maybe this is why Len is also bearish?
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