For all the hype and hyperbole, the S&P 500 has gained .8% a year over the past 13.5 years since this secular bear began and today once more boasts the distinction of being one of the most hideously over-valued markets in history.

Source: Cory Venable, CMT, Venable Park Investment Counsel Inc.

And as we look at the gains made in US economic leading indicators over the last 4 years compared with US stocks (that other supposedly leading indicator)…it all adds up…to a nightmare of risk for capital.

also:

As the news churns

While media offers ’round the clock coverage of Washington dysfunction, in the real world…corporate revenue and profits (which present stock prices have forecast to infinity and beyond) are weak and getting weaker in the second half.

…..read more HERE

21 years later, most still missing the forest

As the political theater in Washington this week goes from embarrassing to worse, the world received the UN’s 2013 Intergovernmental Panel on Climate Change reportconfirming yet again that human behaviors have become an increasingly damaging virus for the planet and at a faster pace than previously projected. At the same time,

….read more HERE