We also now that corporate insiders are dumping their own stocks at the fastest pace in years.

また、企業インサイダーは個人保有の株式を何年ぶりかの急速なペースで売り抜けていることも、我々は知っている。

And now we know that, as BofAML reports, net sales by hedge funds last week were the third-largest in history and the largest since last Feb...

そして今日はこういうことが分かった、BoAの報告によると、先週のヘッジファンドのネット売却は史上三番目となった、そして昨年２月以来で最大だと・・・・

Private clients were net buyers for the straight week, while institutional clients sold stocks for the fifth week and hedge funds were also net sellers following four weeks of net buying. Clients sold large and mid caps but bought small caps. Buybacks by corporate clients picked up slightly vs. the prior week, but year-to-date are tracking the lowest of any comparable period since 2012.

個人顧客はずっと買っている、一方で法人顧客は５週目も売却で、ヘッジファンドは４週ネット購入後５週目にネット売却となった。顧客は大型・中規模銘柄を売る一方で小型株を買っている。企業の自社株買い戻しは最初の週に比べ少し増えている、しかし年初来で見ると２０１２年からで最低だ。

Net sales were largest in Consumer Discretionary - which notably saw its biggest sales by our clients in our data history (since 2008).

生活必需品（食料とか石鹸など）株のネット売却が最大となったーー弊社が顧客売買記録を取り始めて以来（２００８年来）で最大のものだ。

All three client groups (hedge funds, institutional clients, private clients) were sellers of Discretionary stocks last week, where this sector has seen among the weakest results and guidance this earnings season. Clients also sold stocks in Tech, Real Estate, Materials and Utilities.

これら３グルーの顧客（ヘッジファンド、法人顧客、個人顧客）はどれも先週一般消費財Discretionary(車や娯楽品）売り手だった、このセクターは決算も悪く今季利益予想も弱い。顧客はテック関連、不動産、素材・公共事業も売っている。

*  *  *

As we warned previously... If you can't spot the sucker at the table... it's you!

ZeroHedgeは以前にも警告したが・・・もし賭場のテーブルを囲む顔ぶれにカモを見つけることができないなら・・・・そりゃあんたがそうなんだ！