Corporate insiders are bullish

Mark Hulbert reports:

Consider data collected by the Vickers Weekly Insider Report, published by Argus Research. If anything, they show the average insider to be even more bullish on his company's stock than he was three weeks ago.

Vickers calculates a ratio of the number of shares that corporate insiders recently have sold to the number that they have purchased. According to Vickers, any ratio below 2.00 is a bullish sign.

For the eight-week period ending Dec. 14, this ratio stood at 1.74. For the eight weeks ending last Friday, in contrast, the ratio was an even more bullish 1.47.