From our friends at The Chartist comes this tidbit of information:
“We remain bullish on the stock markets prospects from both a technical and fundamental standpoint. The benchmark S&P 500 finished last year with a price earnings ratio of 13.2 based on its last 12 months earnings multiple. The last time it was this low was at the conclusion of 1884 and over the next two years the S&P 500 gained 44%.”