The stock market is overvalued any way you look at it http://www.marketwatch.com/story/the-stock-market-is-overvalued-any-way-you-look-at-it-2015-01-13?link=mw_home_kiosk This chart corroborates Mark's wisdom http://www.advisorperspectives.com/dshort/charts/valuation/SP-Composite-real-regression-to-trend.gif