NYSE Members Selling Stocks Like Crazy
Most of the 1,366 members of the New York Stock Exchange are selling stocks like crazy.
Just in the past two weeks, they've sold 101,000 more shares than they bought. This is the heaviest net selling they've done since August 2001 -- just two weeks before the Dow declined 2,488 points, a 23.6% plunge.
They did the same thing in January 2000 -- just before the top in the Dow and a 1,914-point, 16.3% plunge in the blue chips. And they did it again in March 2000, just before the Dow tumbled another 711 points, a 6.8% fall.
Take a look ...
It's clear these brokers are running from stocks like crazy. They're getting out. You should do the same.
If you own one single share of stock (outside of the mining shares we recommend in Safe Money and your remaining position in the Enerplus Fund), sell them now. Don't look back.
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