Exodus

[gurusid]

Hi folks,

Exodus, Exit stage left, Man the Lifeboats, however you put it, something is afoot:

Why Is The Smart Money Suddenly Getting Out Of Stocks And Real Estate?
Submitted by Tyler Durden on 05/31/2013 10:49 -0400
Just three weeks ago we noted Apollo Group’s Leon Black’s comment that his firm was “selling everything not nailed down,” and that he sees “the market is pricey… in our view, priced for perfection.” It seems he is not alone in the ‘buy-low-sell-high’ crowd. If wonderful times are ahead for U.S. financial markets, then why is so much of the smart money heading for the exits? Does it make sense for insiders to be getting out of stocks and real estate if prices are just going to continue to go up?

Via Michael Snyder of The Economic Collapse blog,

If wonderful times are ahead for U.S. financial markets, then why is so much of the smart money heading for the exits? Does it make sense for insiders to be getting out of stocks and real estate if prices are just going to continue to go up? The Dow is up about 17 percent so far this year, and it just keeps setting new record high after new record high. U.S. home prices have risen about 11 percent from a year ago, and some analysts are projecting that we are on the verge of a brand new housing boom.

Why would the smart money want to leave the party when it is just getting started? Well, of course the truth is that the “smart money” is regarded as being smart because they usually make better decisions than other people do. And right now the smart money is screaming that it is time to get out of the markets. For example, the SentimenTrader Smart/Dumb Money Index is now the lowest that it has been in more than two years. The smart money is busy selling even as the dumb money is busy buying. So precisely what does the smart money expect to happen? Are they anticipating a market “correction” or something bigger than that?

Those are very good questions. Unfortunately, the smart money rarely divulges their secrets, so we can only watch what they do. And right now a lot of insiders are making some very interesting moves.

Now that all the empty bag holders are lined up ready to take the fall, looks like the MOTU (Masters Of The Universe) are getting out before the whole thing blows… :unsure:

L,
Sid.

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