Stock Market Drivers -- Where Are We? |
| July 08, 2014 | July 2014 Bond Updates |
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The U.S. stock market, as measured by the S&P 500 Index, is up 6.9% so far this year, following last year’s melt-up of 29.6%. Last year, reported earnings of the S&P 500 were up 6%. Consequently, valuation measures, including Price/Earnings Ratios, were up 23% last year, which has led many to wonder about a long-awaited price “correction.” When is the price correction, due to the rise in valuation, going to happen and how large is the correction going to be? |
| View more at: http://www.forbes.com/sites/billgreiner/2014/07/07/stock-market-drivers-where-are-we/ |
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