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NO WONDER INSIDER BUYING IS SO LOW

Insider buying is practically non-existent in 2009 and has been very light since the November low.  Apparently, CEO’s have no faith in their own corporations going forward:

As the following chart shows insider buying has been very light this year.  That is not consistent with major market bottoms.  In 1987 when the market crashed insider buying soared.  The same thing occurred at the 2001 intermediate low and the ultimate 2002 low.  According to this latest report 67% of companies expect their sales to decrease in the coming 6 months, 66% expect capex to decline, and 71% expect to fire employees.  No wonder none of them want to own their own shares:
dalilybuy
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