Wall Street may be in the throes of a bear market, as many observers believe, but the actions of those closest to the fire--trades by executives in the stocks of their own companies--belie this theory. According to Vickers Weekly Insider Report, its eight-week Sell/Buy ratio is at its most optimistic level since early 1991. History shows that whenever the ratio of insider sales to insider purchases falls below 2.25, a rising market usually follows. And it's now at 1.04, which means insiders are making as many purchases as sales.
"The market's recurring malaise is creating opportunities," says David Coleman of Vickers, "and top management is taking advantage of them."