Corporate Insiders are Selling Faster Than Usual {video interview}

[xchrom]

http://www.marketwatch.com/video/asset/corporate-insiders-are-selling-faster-than-usual-2011-07-28/51167DFD-4376-4EC6-AD0D-41BBCB755638#!51167DFD-4376-4EC6-AD0D-41BBCB755638

[Warpy]

1. I got the word 2 months ago that it was time to protect assets

because several things were going to combine to drag the market down. I ignored the advice like I ignored it in 2007 and for the same reason: I don't need the inflated net worth to borrow against and when I combine the income I got from what I held onto with the recovery it achieved, I did as well or better than people who panicked and tried to protect their assets.

It was the right thing to do then. We'll see if it's the right thing to do now. Remember, the Republicans are talking openly of welshing on T-bills that are supposed to be there for Social Security recipients. If they start that sort of policy, T-bills aren't going to be particularly safe for anyone as institutional investors around the globe dump them.

Still, panic is the worst reason to make any decision, but especially a financial decision.