Major stock indexes climbed more than 1 percent, including the Dow Jones industrial average, which rose 122 points to add to strong gains for the week. Treasury prices slid as demand for safe havens eased.
The cheerleaders with megaphones, also known as spinsters, are loud and well-organized. The real megaphones or trend patterns of valuation, however, are rarely discussed. Stocks, relative to historical dividend yields are getting cheap, and they're going to get a lot cheaper before the decade is over. Cheerleaders tend to cheer the upside, but rarely have the insight to get you out before the next round of what can only be described as the "arse paddlings"S&P 500 Real Dividend Yields 10 Yr Average:
Source: finance.yahoo.com
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