Powertrend Bulletin — FREE
Since I spoke with you last week, there has been no shortage of positive news in the stock market.
Greece’s bailout extension has been approved, the Pacific port situation has been resolved and last week’s January Fed minutes suggested no immediate plans to raise rates. That rash of good news led the stock market to finish last Friday at 17.5x expected 2015 earnings, which are now expected to grow less than 3% year over year.
To put that in context, the S&P 500 grew its earnings 5.8% and 7.5% in 2013 and 2014 and closed those years at 17.0x and 17.5x respective more»