Our analysis of the S&P 500 is for stocks to continue their move lower. We believe that the SPX is in the declining phase of its current market cycle. It will likely continue this move, with 2670 as as a conservative projection. A break below the 2677 level would be a break below where SPX began the cycle. This would be a bearish signal, depending of course on the extent of the breakdown.
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The Complete List Of Wilshire 5000 Stocks
Future Market Returns = Dividend Yield + Earnings Growth +/- Change In P/E Ratio
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