The S&P 500 gained 0.7% (price only) in March. Based on the 1957-to-date valuation metrics presented below, the S&P 500 has 12% downside to its historical average. The S&P Industrials (which excludes Utilities and Financials) now has 25% downside to reach mean valuation.
Apr
08
2014
Estimating The Downside - April 2014
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