Last week there was a report that corporate insiders were selling at a faster rate that at any time since October, 2007 — right near the top of the market. Well, the market’s only raged higher since then and insider selling is only getting more intense. The Pragmatic Capitalist here has aggregated recent insider transactions. [...]

A month-long upturn in the stock market has sparked a round of optimistic media commentaries and statements by Obama administration officials suggesting that the US economy is on the road to recovery. But any serious examination of the state of both the financial system and the broader economy suggests that such celebrations are unwarranted.• Factory [...]