CURRENT STATUS (Third Quarter 2012)by Ed Easterling, Crestmont Research The stock market rallied over the past quarter, increasing P/E further into the range of “fairly-valued.” P/E has returned to the same level as the end of the first quarter, whic… more »

Secular bull markets are great parties. Investors arrive from secular bears really wanting to take the edge off. As the bull proceeds, above-average returns become intoxicating. By the time it is over, the past decade or two has delivered bountiful retur… more »