Consider the following statistics -- according to data from S&P Capital IQ strategist Sam Stovall:
"Since 1945 the S&P500 has declined 10 percent or more on average every 18 months. However, the present bull market shows the S&P500 is enjoying an unprecedented 31 consecutive months without any 10% decline."
"The S&P500 is certainly overbought, in our opinion, and has gone well beyond the time in which it typically endures a correction or worse (the 500 has advanced for 32 months without a decline of 10% or more, versus the average of 18 months since 1945)."
Needless to say this demonstrates a highly over-valued condition for stocks -- and strongly suggests a substantial correction is long overdue. Ergo, expect stocks to fall any time now.
CAVEAT EMPTOR:
The longer the bull market creeps higher, the more severe will be the eventual and inevitable decline.
Bears Watching...literally.
