Stocks in the S&P 500 are now at record low valuations; the market trades as cheaply as it did in 1980 as measured by price-to-earnings, or PE, ratios, trading at a PE ratio of 15.4 times earnings.
While retail stock investors have largely been stuck on the sidelines, the stock market has made new highs. But despite the upward surge, things aren't as rosy for Wall Street as one might suppose.
Although individuals have added almost $20 billion to U.S. stock funds so far this year, the amount is just 3.5 percent of the withdrawals since 2007,
- CPAC: Fred Thompson and Persecuted Ed Morrissey 24 minutes ago
- WH: Hey, Obama golfing in Key Largo during this crisis is the same as if he were in DC, only warmer Jazz Shaw 1 hour ago
- Rand Paul working to get David Jolly over the finish line in FL-13 special Jazz Shaw 3 hours ago
- CPAC: Daniel Hannan and the origins of liberty Ed Morrissey 4 hours ago
- Open thread: Sunday morning talking heads Allahpundit 6 hours ago
- Quote of the day Allahpundit 17 hours ago