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INSIDER SELLING – Warren Buffet and Banking Insiders like Jamie Dimon are Selling Stock
Warren Buffet is dumping some oil stocks while he is sitting on over 20% cash, just waiting for the market to dip.
Jamie Dimon, who NEVER sells stock, is now unloading.
Does this mean the market is going to crash? NO, no, no.
But it does mean, probably about the end of February the market will take a dip for a good month. Then I would imagine that these guys like Buffet and Dimon, Blackrock, Statestreet, Fidelity, and Vanguard will buy low.
The Big Fish always are about Six Months ahead of everyone else. The little fish will follow and be behind like always and they will get devoured in April and May when the Big Fish are buying what they are selling. The little fish should be selling right now. But that is not how it works.
That is how the rich and famous become more rich and famous.
Is the game rigged? Damn right it is. But is ALWAYS has been.
The difference is that information can now get out much quicker, so if there are some smart little fish, they can swim with the big fish and copy what they are doing.
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