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Jun 05 2014

Estimating The Downside - June 2014

  • Jun 5, 2014

The S&P 500 gained 2.1% (price only) in May. Based on the 1957-to-date valuation metrics presented below, downside to its historical average is -13%, about 1% more than last month’s reading. The S&P Industrials downside to mean valuation (excludes Utilities and Financials) also increased slightly to -26%.

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