The S&P 500 gained 2.4% (price only) in December. Based on the valuation metrics presented below, the S&P 500 has 15% downside to its historical average. The S&P Industrials (excludes Utilities and Financials) now has 26% downside to reach mean valuation.
Jan
08
2014
Estimating The Downside - January 2014
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