Wednesday, January 20, 2010

What do insiders know?

Well, they probably don't have any unique insight into the health of their companies do they? In the past week insiders sold $419 million worth of stock while buying just $18 million (interestingly - $17.5 million of the purchases were accounted for by just 2 large buys. Excluding these purchases, there were practically no buy orders by insiders in the market).

Again, insider purchases and sales aren't a perfect predictor of future price moves. Insiders have been selling with a passion for the past six months and the stock market has continued to go higher. However, I think there is some understanding by executives of disconnect that exists right now between the stock market and underlying economic activity.

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This might be the worst statistic I've seen in a long time --- U.S. Kids Using Media Almost 8 Hours a Day.

If you assume that kids have 8 hours of school (including commuting time) and 8 hours of sleep, this means that every other free moment is spent using media (*). Is it any wonder that our tweens and teens are image obsessed and falling further and further behind their global contemporaries every day.

In fact, over the past five years the amount of time the average 8- to 18-year-old spent with media is up by 1 hour, 17 minutes a day -- from 6 hours, 21 minutes in 2004 to 7 hours, 38 minutes now.

"It's more than seven and a half hours a day, seven days a week," she said. "That's more than 53 hours a week -- more time than grownups spend in a full-time job."

Cell phones are now multimedia devices, so kids on the go actually spend more time listening to music, playing games, and watching TV on their phone (49 minutes daily) than they do talking on them (33 minutes a day), the report found.

At home, too, media is pervasive. In 64 percent of homes, the TV is on during meals. In 45 percent of homes the TV is on most of the time -- even when no one is watching it, the survey found.

The survey also found that few American parents place any rules on how much time their children spend with media. Only 28 percent of kids cited parental rules on TV watching and only 30 percent were subject to rules on video game use. In addition, only 36 percent of parents limited kids' computer time.

In homes where parents did set limits, children spend about three hours less consumed by media, the report found.

* This isn't exactly accurate because they double counted sometime spent multi-tasking. Some kids are watching TV while texting and playing video games.

Cheers!

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