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Less Slack in the Labor Market

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Wealth Distribution by Region in 2014

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Highest P/E in 135 years except for 1929 and 2000!

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Real Earnings and 10-year Trend in Earnings

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Corporate Profits as percentage of GDP

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Stock Market Rallies (DOW since 1900)

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U.S Equity Flows down, S&P 500 Up

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Rate Hikes Don't Imply End To Long Term Performance

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Three S&P 500 Secular Market Cycles from the Last 100 years

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PE/VIX: A new market indicator

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