The alarming trends in insider trading continued in the latest week. Total selling amounted to another high reading of $528.76MM. Buying was higher on the week at $33.5MM, but remains at very low historical levels. This lack of confidence in their own companies was clear in last week’s Business Roundtable Survey. It has also been apparent in recent earnings where organic growth continues to be a missing component. Although insider trading has not proven to be a reliable near-term indicator it is likely more evidence that the fundamental picture behind the recent rally remains very fragile and questionable.