Most investors are not impressed with the 29% gain in the Standard & Poor’s 500 Index (S&P 500) from the March 9 low. The consensus is that

Since this bull market began back in October 2002 or March 2003, there have been seven corrections of between five and ten percent. During each correction, I

All valuation measures (price/cash flows, price/book, etc.) on the S&P 500 are at all-time highs except for P/E’s but we are at 2.5 standard deviations on P/E.