The smart money is selling, writes Ukarlewitz, commenting on the plummeting Smart Money/Dumb...

|By:, SA News Editor

The smart money is selling, writes Ukarlewitz, commenting on the plummeting Smart Money/Dumb Money Confidence Index from SentimenTrader. The measure has a reasonable track record over the last few years at pointing out market tops and bottoms, and it's screaming "top" right now. Whether it's a 5% correction or something worse remains to be seen, but insiders see something bad coming and they're bailing out.