And now, a chart of the S&P 500 forward price-to-earnings ratio.
You can see that at a forward p/e of 15.27, the S&P 500 is still depressingly close to its average forward p/e. This is not a buying opportunity for the index, at least on a valuation basis. However, you may find values in individual stocks.
If you want to learn more about the significance of these charts, you can read my original article by CLICKING HERE.
Good luck to us all, and good trades.