Insiders: No Longer Bearish

The Thomson Reuters Insider Sell / Buy Ratio (correctly) was bullish in mid-December in time for the end of the year rally to new highs. It was also extremely accurate two weeks ago when they went ultra-bearish around mid-January. 

After a pretty sharp pull-back this good short-term (weeks to months) indicator is now back to near neutral territory.

This may signal that the bulk of the carnage is now complete. It could be a good time to start selectively putting money back into some shares of beaten up companies.