Another view of the S&P 500

For all the hype and hyperbole, the S&P 500 has gained .8% a year over the past 13.5 years since this secular bear began and today once more boasts the distinction of being one of the most hideously over-valued markets in history.

Source: Cory Venable, CMT, Venable Park Investment Counsel Inc.

And as we look at the gains made in US economic leading indicators over the last 4 years compared with US stocks (that other supposedly leading indicator)…it all adds up…to a nightmare of risk for capital.

This entry was posted in Main Page. Bookmark the permalink.