Insider selling at highest volume ever tracked

CNBC Fast Money ^ | 26 October 2010 | John Melloy

[irishjuggler]

Actually, my largest position since late 2008 has been in McDonalds, but it’s had quite a run and I’m not sure there’s much more to the upside.

As long as Obama's disastrous economic policies continue, there will be more upside in MCD. Aside from the soup kitchens, Mickey D's will be about the only place most folks can afford to eat.

[A CA Guy]

I’m sure there are rules that are legal allowing employees to pull out investments after leaving them in a certain time.
Probably a year or two.

I think two because this year they still top out at 15% instead of next year at near 50%.
That right there could be the reason for all the sales.

[M-cubed]

Just wondering...are u now fully invested?.....and if so..for how long have u been?

[Rippin]

No. Honest truth was about 80% up until Sept of ‘08 when it was clear Obama would win. Got out then and stayed out until Doug Cass said all clear in March ‘09. Went back in slowly since then. And gradually added back for 18 months. About 80% again now.

[SueRae]

If the Bush tax cuts are allowed to expire, then I consider it a prudent move to lock in profits and take cap gains this year. Insiders or not. I’ve sold plenty this year. Next year will be a dead zone if those increases go into effect.

[Walts Ice Pick]

As long as Obama's disastrous economic policies continue, there will be more upside in MCD. Aside from the soup kitchens, Mickey D's will be about the only place most folks can afford to eat.

I've been thinking like you're thinking. I like that thinking.

But, I don't want to be one of the last people thinking like we've been thinking. :)

[RatRipper]

I think there is a general pessimistic feeling from businessmen, but don’t forget something very important:

Capital gains taxes are going up considerably in 2011. Time is short to save a bundle on their tax bill. No doubt it is a contributing factor.

[M-cubed]

I know u didn't ask me...but I started shorting the market @ dow 10,500 and am still in the green...(FAS)
Do your own DD...

[Ticonderoga34]

Capital gains tax goes up next year. Insiders are taking their profits now.

Or at least that’s how I see it.

What’s surprising to me is that market still keeps going up. I don’t understand that at all.

[M-cubed]

Good timing on your part...Congrats!

(most folks I know are and have been pretty much out for awhile now....Probally 'cause of our age)

[Halgr]

May God Have Mercy on us.

[MeneMeneTekelUpharsin]

I don’t understand that at all.

The government is buying securities.

[Rippin]

If i thought I’d have a chance to retire staying completely out and putting my kids through college and paying off my house I would. Still have at least 15 yrs to work.

[Benchim]

God will have as much mercy as we have had on those millions of dead babies.