Bad news for the US market – insiders are bailing out of its hottest stocks

There are ever more signs that the US stock market is getting frothy. So far this year, 192 companies have gone public in the US, according to the FT. Between them, they’ve raised $51.8bn – the highest level since 2000. Now, you could argue that many of these companies have better finances than those that came to market back in the days of the tech bubble. But what’s really troubling is that insiders seem very keen indeed to get out while the going’s good. We’re seeing a lot of what’s known as ‘busted lock-ins’ – and that’s not the only sign that the US is looking bubbly…