The S&P 500 has definitely made some moves over the last couple of months. Short-term it might seem like a lot has happened, but zoom out a little bit and you will see that we are nowhere near where we want to be.
The following video looks at what is actually developing within the S&P 500. The market seems to be coiling up and looking to break either way out of a triangle. Obviously a break downwards will not be a welcome sight.
Take a second to watch this short video that analyzes the S&P 500.
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S&P500 Earnings Estimates for 2009 and 2010
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Jeremy Siegel: S&P’s Earnings Wrong
(Investment U, 2/26/09)