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Stock markets at historical valuations

Stock markets at historical valuations Overall stock market indices keep marching on after a wonderful year in 2013 and delivered roughly a 5% increase for the first quarter (in CAD). As a reminder, March 2014 is the five-year anniversary of the February 2009 market bottom. During this 5 year period, we have experienced a non-functioning […]

Long live Adam Smith

Long live Adam Smith First things first: let’s take a long-term view of the stock market represented by the S&P 500 in this case. (We could have shown you other indices but the results are similar.) We published this chart back in 2008 as our roadmap for the future. The red line is a regression […]

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