Wednesday, September 16, 2009

FinancialArmageddon.com | 'Feeding the Ducks on Wall Street'

Since March, stocks have gone from strength to strength, recovering more than 40 percent of what they lost in the selloff from the October 2007 peak. Not everyone is jumping on the bullish bandwagon, however. Reports indicate that many of those at Main Street's front lines are following the old Wall Street dictum: When the ducks are quacking, feed them. In fact, despite talk in Washington and elsewhere that the economy is on the road to recovery, those who are in the best position to judge future prospects have been cashing out. Acccording to Fortune, officers and directors have been dumping stock in the companies they work for and oversee "like there's no tomorrow."