Zero Hedge: For all the mockery he is subjected to on a regular basis, both here and elsewhere, Dennis Gartman issued a very prescient and timely warning ahead of Facebook’s earnings. As we noted yesterday in our note why Gartman thinks that this is a “This Is A Dangerous Time“, the (formerly) regular CNBC guest pointed out the following troubling fact:
… note the chart this page, courtesy of RBMP Capital, of the huge and increasing sales of Facebook by its founder, Mr. Mark Zuckerberg, over the course of the past several years and most notably over the course of the past several months. When owners sell this aggressively… no matter what the excuse they might give…only the foolhardy do not pay heed. more …
Opinion: With virtually every pension plan in the US invested in Facebook shares a Martha Stewart (obstruction over insider stock sales) type scandal for already troubled pensions would/could bring on a catastrophe similar to the tech wreck of 2000.