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It's early on Christmas morning 1999. One market analyst is at his desk pouring over the latest report on insider trading released by the U.S. government [see Commitments of Traders page 7]. He knows that professional fund managers are waiting for his analysis of the latest insider data.
It's a good thing he's working Christmas--because this report shows a sudden shift in trading patterns by a key group of market insiders. Yet, the shift is so subtle that most analysts will miss it.
The analyst finishes his report in time to carve the Christmas turkey, and Emails his subscribers an alert that key market insiders are selling stocks and shifting their portfolios into bonds. The greatest bull market in stock market history was ending. How long before your broker gave you the word? Did you get a flash Email or fax on Dec. 25, 1999 preparing you to sell your equities and move your investment funds into bonds? Steve Briese's clients did--and next time you can too by subscribing to his new general investment letter Insider Money™.
There was no accident in the naming of Briese's new market letter for private investors. He had inside information that the greatest bull market in history had come to an end. And when he got the word, he didn't hesitate to tell his clients on Dec. 25, 1999: "Sell stocks, buy bonds."
His inside information was garnered from widely-misunderstood government statistics showing what market insiders were doing in the S&P and Treasury Bond futures pits in Chicago. He knew that they had the power to end the bull market in stocks and begin a new bull market in Treasury bonds.
It turned out to be a busy winter for our analyst. On Jan. 31, 2000 he alerted clients that insiders were also selling Dow futures moving its CoT Index to "5%, a major sell signal." Those who were still hanging on to tech stocks didn't have long to wait. On April 10, he alerted clients: "NASDAQ: A major CoT sell signal was triggered by record Commercial selling.
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