The S&P 500 gained 0.6% (price only) in April. Based on the 1957-to-date valuation metrics presented below, downside to its historical average remains at 12%. The S&P Industrials (which excludes Utilities and Financials) is also unchanged at 25% downside to reach mean valuation.
May
07
2014
Estimating The Downside - May 2014
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