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Insider selling doesn't mean much in this market, since it's too small to matter.
Much of the stock market activity is driven by a few investment firms, in particular, Goldman Sachs, using governent "bailout" money, along with "Fed" (which is a private entity) money, upwards of 2 Trillion! They're leveraging investments with, essentially, free money.
Professional traders (not amateurs playing shorts, etc) are making a killing, as are people who, mainly by sheer luck / large risk taking, loaded up several months ago and are now taking profits along the way.
Sure, average 401K holders have recouped some of their losses too, and many are feeling confident of recovery, but it's a fools rally.
A side-ways market is fantastic for professional traders, but lousy for most anyone else.
Point is that the market could easily go up much more, which defies common sense... but the stock market is not reflective of economic reality (at least not in a layman's view), and instead is being driven by a few major players.
Ron
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Domagon - Website Management and Domain Name Sales
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