In the week ending May 15, NYSE Member Net Buy/Sell numbers hit a new, all-time net buying high (+741,439,000) This number is greater than during the beginning of the Iraq war: On March 28, 2003 we hit +588,248,000 shares.
NYSE Member Weekly Buy/Sell
click for larger chart
Source: DecisionPoint
Most of the time, it is hard to make much sense of the net buy sell numbers – the data is inconclusive as a market guide. But Carl Swenlin http://www.decisionpoint.com/ notes “Significant amounts of NYSE Member buying or selling should serve as red flags, because it is their business to insure that their positions unwind in their favor.”
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Quote of the Day:
“Ronald Regan is not a typical politician because he doesn’t know how to lie, cheat and steal. He’s always had an agent for that.” – Bob Hope
